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I would join everyone in welcomming this kind of
venture especially with South Africa if the enterprise
is controlled by Africans and that the lions share of
the money remains there to develop our economies.
Anglo seems to indicate to me some kind of British
control and this makes me wary and suspecious.
I am all for investment sure. What I am vehemently
against is the fine prints which we our keaders have a
history of either not understanding or they do and
sign on the dots when grease passes under the table.
It is an open secret that our officials have a
terrible history of negotiating away the interest of
our people for their personal gains.
I wish we had leaders who are strong, militant,
activists and advocates who would be touring Africa
and drawing huge crowds in stadiums and parks
advocating federalism for Sub-saharan Africa. All our
trade agreements which have gathered dust for the past
several decades should be re-visited,re-examined and
re-negotiated again.
Africa needs some very radical and dramatic approaches
to its development. We have experimented with too much
of the same things and so far the results have been
far from stellar.
Anyone remember the African Development Bank,not to
mention afr too many UNDP programs and the World Bank,
and where has all this taken us? African governments
are sinking in debt. The Gambia for example has a debt
that is five times its annual GDP and its is growing.
......................................................
--- Kelechi Eke <[log in to unmask]> wrote:
>
> Indeed: Trusting one another is the key to Africa's
> future. We must think beyond the boundaries of our
> tribes, provinces, states or countries to elevate
> the motherland from its present condition. One of
> my big brothers on the forum would say: “If you
> want a change, let it start with you.” Good luck to
> Ghana and SA on their new venture.
>
>
>
> - Kelechi
>
>
>
>
>
>
>
> Aggo Akyea <[log in to unmask]> wrote:
> Some very good points there. By the way, AngloGold
> [http://www.anglogold.com] is a South African
> company so I do not know if you still hate the deal
> with "ANGLO."
>
> On the one hand we ask for investments in our
> African countires, and on the other hand we decry
> (with reason) the idea of African countries being
> exploited. Like the Marshall Plan that rebuilt
> Europe after the second world war, it's up to us
> Africans to be honest to ourselves and our
> compatriots and review investment deals with
> foreigners critically. I am comfortable with
> Ghanaian businessmen doing this deal with the South
> African gold mining company, rather than some
> politicians who would be asking for their 10% cut
> under the table.
>
> Gold is the second leading export earner for Ghana
> and Ashanti Goldfields by all accounts is a well run
> company. May be, with the new investments, even
> better management and new markets from AngloGold,
> Ashanti Goldfields will become more productive, make
> more money to enable Ghana fill the potholes in the
> streets of Accra and alleviate some of the abject
> poverty in Ghana.
>
> Ashanti Goldfields is one of the leading employers
> in Ghana, is the only company in sub-Saharan Africa
> outside South Africa listed on the New York stock
> exchange and plays leading role in the development
> of the Ghana Stock Exchange.
>
> In essence, we have to decide whether we want
> foriegn investments. Then we have to make sure that
> we find a way to get the true benefits of those
> investments. Otherwise this debate will rage on
> forever.
>
> Cheers.
>
> mathew jallow <[log in to unmask]> wrote:
> Hi,we are talking BIG,BIG money here. The only thing
> I hate about this deal is the Anglo. This is telling
> me something already, something sinister that is.
> With this kind of money,( billions) there is
> absolutely no reason why some streets in Accra
> should be in such a state of disrepair, more
> importantly, why millions live in such abject
> poverty in Ghana.
> Now I understand where Ghana's gold, like that of
> South Africa, Botswana and other African countries
> is going and why the average African(85% in most
> countries) is not seeing a DAMN dime from the
> resources of the countries.
> This merger is nothing to be proud of. This is just
> how the wealthy corporations consolidate their gains
> by acquiring and merging to create monopolies. Who
> benefits from all this? The corporate bosses sitting
> in A/C high-rises in Europe, America and some Asian
> countries. I THINK IT IS TIME THAT WE AFRICANS BEGIN
> TO BE OUTRAGED, ANGRY AND MAD BY THE WAY OUR
> RESOURCES CONTINUE TO BE SQUANDERED OR GIVEN AWAY
> TO BUILD COUNTRIES OTHER THAN OURS. HOW LONG MORE
> MUST WE ENDURE THIS BLATANT EXPLOITATION OF OUR
> RESOURCES.
>
> Aggo Akyea <[log in to unmask]> wrote:
>
> AngloGold unveils Africa's biggest deal
>
>
http://www.bday.co.za/bday/content/direct/1,3523,1403875-6078-0,00.html
>
>
>
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> <><><><><><><><><><><><><><><><><><><><><><><><><>
>
> "Instead of studying how to make it worth men's
> while to buy my baskets, I studied rather how to
> avoid the necessity of selling them."
>
> WALDEN
> by Henry David Thoreau – 1854
>
>
>
>
>
>
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