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Any news of contributions to africa’s development make me happy. I dont know how to describe the feeling. I see the continent as a hidden gem. I am saddened tha
by yrgulation 4y ago
Any news of contributions to africa’s development make me happy. I dont know how to describe the feeling. I see the continent as a hidden gem. I am saddened that europe didnt take such initiative and doesnt promote more substantial investment. It’s literarily right next from us.
- _visgean 4y agoeu has 150b investment package for africa https://ec.europa.eu/info/strategy/priorities-2019-2024/stronger-europe-world/global-gateway/eu-africa-global-gateway-investment-package_en https://ec.europa.eu/info/strategy/priorities-2019-2024/stro... > The Investment Package will facilitate projects in submarine and terrestrial fibre-optic cables, as well as cloud and data infrastructures. It will also support regulatory frameworks promoting a digital transition that put people at the centre and the principles of trusted connectivity, such as data protection. > According to a brief (and somewhat detail-thin) explainer that the EU put out, the Global Gateway Investment Package will focus on infrastructure that can facilitate trade and mobility. Also included is a EurAfrica Gateway Cable – an under-sea fibre optic network that will connect sub-Saharan Africa (SSA) with Europe. Another focus is electrification – 600m Africans still lack access to electricity. https://www.ntu.edu.sg/cas/news-events/news/details/europe-promises-to-mobilise-up-to-usd170bn-in-africa https://www.ntu.edu.sg/cas/news-events/news/details/europe-p... we are building cables. But also eletricity.
- DiggyJohnson 4y agoSo the question for GP would be: we’re they not aware of this investment package? Or were they aware of it and take it for granted? Or were they aware of it but consider it not enough?
- yrgulation 4y agoGood question - i had no clue!
- Bayart 4y agoWe're not good at propaganda.
- arlort 4y agoNot GP but unless you follow EU politics specifically (as in the politics of the EU rather than of EU nations), which abysmally few do in Europe, you won't have heard of it And even if you did know it's probably not enough money anyway given the competitor for influence in that area are China and (less but growing last I checked) the US
- _visgean 4y agoi wasnt aware of it either but it took me about 5s to google "eu investment africa". EU does a lot of things and national media report on very little so I think it makes sense that almost no one would know about this..
- 4ggr0 4y agoAnd will we then get to collect the profits while being able to claim that we're benevolent because we've helped, or are we actually gifting the infrastructure to them?
- _visgean 4y agoNo idea but I think it matters very little who owns the cable, the biggest profit will come with improving the connectivity and improving the economic situation. The EU is going to be profiting from that in very indirect ways...
- 4ggr0 4y agoWell, I know that it's not a 1:1 analogy, but in more extreme ways this reminds me of China owning ports and railways in Africa, or Europe owning cocoa-factories or natural resources and profiting themselves, while claiming that they're bringing jobs and prosperity to Africa.
- bobberkarl 4y agoDon't be fooled. It's all posturing. The EU loves making announcements on how they have a $ package for Africa. But they never follow through. Same for international funds. There are 8 major countries that always follow through: The US, China, UAE, Qatar, Germany, Canada, and some northern European states.
- rpadovani 4y agoActually, EU put $21.5 millions in this cable: they were given to Saint Helena, that then were payed to Google, after a previous cable project failed: - https://www.submarinenetworks.com/en/systems/brazil-africa/saex/st-helena-government-secures-21-5-million-european-development-fund-for-saex-cable-landing https://www.submarinenetworks.com/en/systems/brazil-africa/s... - https://www.submarinenetworks.com/en/systems/euro-africa/equiano/equiano-cable-to-connect-st-helena https://www.submarinenetworks.com/en/systems/euro-africa/equ...
- BurningFrog 4y agoThe African wars have pretty much ended, and the average African is governed fairly decently. According to a source I'll never find again, Africa is on a European year 1900 economic development level, and catches up 3-4 years per year. I don't think Africa needs European charity. They'll develop themselves from now on.
- JumpCrisscross 4y ago> African wars have pretty much ended Cameroon [1] and Ethiopia [2] are in the midst of civil wars. The DRC [3] is close to one. Burkina Faso just had a coup [4]. Zimbabwe had one in 2017, Chad arguably in April [5]. (Guinea Bissau tried and failed to join the club.) Africa is a big continent. But its geopolitical situation remains uniquely unstable. [1] https://en.m.wikipedia.org/wiki/Anglophone_Crisis https://en.m.wikipedia.org/wiki/Anglophone_Crisis [2] https://en.m.wikipedia.org/wiki/Tigray_War https://en.m.wikipedia.org/wiki/Tigray_War [3] https://en.m.wikipedia.org/wiki/Kamwina_Nsapu_rebellion https://en.m.wikipedia.org/wiki/Kamwina_Nsapu_rebellion [4] https://www.axios.com/2022/10/03/burkina-faso-coup-russia-flags https://www.axios.com/2022/10/03/burkina-faso-coup-russia-fl... [5] https://news.yahoo.com/military-takeovers-rise-africa-113155286.html https://news.yahoo.com/military-takeovers-rise-africa-113155...
- BurningFrog 4y agoI'm not claiming Africa is perfect, only that it's improving steadily and is on track to catching up with the rest of the world. That wasn't always the case. Asia and Europe also have a few wars going.
- JumpCrisscross 4y ago> that it's improving steadily and is on track to catching up with the rest of the world This is fair and broadly sustained. Was narrowly pushing back on the notion that Africa’s warring days are behind it.
- BurningFrog 4y ago