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2007-10-12

Re: Investment Horizons (Podcast)

Here is a comment by Seyoyo on the previous blog post, Seyoyo's comment on Africa: Investment Horizons (Podcast). Seyoyo's comment ring true and rather summarizes the podcast. For those who have not been able to listen to this 50 minutes podcast, please read the comment below.
Listening to the pod it's obvious it's only Pineau who gets it. The other two are still stuck in their frameworks. On one hand, there's the ex-IMF guy saying all the tosh they usually dish, and on the other hand there's the US Ambassador stuck in the USAID framework.
Pineau really gets it. Africa gets far less investment than it should and her Botswana example is perfect. The response of the ex IMF guy was daft, saying there's nothing in Botswana to develop.
How daft can some smart people be? What natural resources are there in Switzerland or Japan. The point is that people need food, drugs, leisure, transportation etc, and the supply of these goods is where the opportunities are.
The problem is that it's still convenient to think of Africa as somewhere to take natural resources from.




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