What has rice got to do with neo-colonialism in Africa? [1] Mining Exploration has the answer:
“Africa is home to 8% of the world’s oil reserves, which has prompted Beijing to spend billions of dollars to secure drilling rights in Nigeria, Sudan and Angola and to negotiate exploration contracts with Chad, Gabon, Mauritania, Kenya, Equatorial Guinea, Ethiopia and the Republic of the Congo. The continent now accounts for 25% of China’s oil imports.
In addition, the Chinese are also key investors in the copper industry in Zambia and the Democratic Republic of Congo. And they are buying timber in Mozambique, Liberia, Gabon, Cameroon and Equatorial Guinea.”
Africa: rice and neo-colonialism
· Written by Ndesanjo Macha
Categories: Sub-Saharan Africa, Angola, Cameroon, Chad, D.R. of Congo, Equatorial Guinea, Ethiopia, Gabon, Kenya, Liberia, Nigeria, Sudan, Zambia, Economics & Business, International Relations