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Le Pangolin Advises Africans to Purchase Stock in Companies that Exploit their Resources

Categories: Sub-Saharan Africa, Cote d'Ivoire, D.R. of Congo, Development, Economics & Business

In light of Indian company Mittal Steel's recent attempt to acquire Arcelor, a European counterpart, Congolese blogger Mouele Kibaya [1]advises at Le Pangolin that (FR) Africans purchase stock in companies that exploit African raw materials. He continues: “Ivory Coast should purchase stock in leading cocoa companies. Congo should use its meager oil royalties to purchase Total stock on the Paris stock market.”