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Africa - two scenarios : Comments
By Keith Suter, published 21/8/2012Africa's future can be pictured using either of two opposing scenarios - the 'failed continent' and the 'flourishing continent'
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Not anymore, it seems. This year, Guinea, Cameroon, Ghana and Chad and Nigeria removed their fuel subsidies in accordance with an order from the IMF. This brings fuel/gas prices in these countries to about the same price as the average US citizen pays, even though the average citizen earnings in these countries are much lower.
http://newsrescue.com/imf-forces-african-nations-to-remove-fuel-subsidies/#ixzz248Bb7tNZ
Then of course, there’s the violent overthrow of the West’s favourite horribly evil person, which has significantly changed the game plan for the African continent – as it was intended to. The African Union, under Colonel Gaddafi’s leadership had an estimated $150 billion worth of investments in Africa and advanced plans for an African Union Development Bank, which would have seriously reduced African financial dependence on the West. China was also a potential major player in a future African continent, but again that game plan has now changed.
As AFRICOM commander, Vice Admiral Robert Moeller, openly declared in 2008, its guiding principle was to protect “the free flow of natural resources from Africa to the global market” and cited China’s increasing presence in the region as ‘challenging’ to American interests.
http://allafrica.com/stories/200908140153.html
All so sad, predictable and inevitable.