Zambia has Africa’s biggest copper deposits, but due to bad management they could no longer afford to pay workers or service the equipment then China saw an opportunity. They negotiated a price and settled for USD 25 Million to be paid within a year.
Six months after taking over the company repaid the entire amount and now it’s like China owns all the copper in Zambia.
The previous president had deeply ingrained jungle software.
Minerals are sovereign wealth.
People might criticize Islam, but this stupidity will never pass in Arab states(bar interference by the West, of course).
Countries get so rich from this wealth, some are so rich that they can afford to build megastadiums from scratch (Qatar), cities from scratch (Saudi) or even build another transport network from zero.
We can’t keep blaming outside forces for our stupidity without looking at ourselves first.
For example, how stupid did we have to be for France to have a currency for 14 States?!!!
It should be a strict code of conduct and basic, common sense really.
Because even countries like Australia have been benefitting from their minerals to the extent of having homegrown companies that come to mine in Africa. You know who profits from that.
But Africa seems to have completely lost the script. Libya was a great example to showing just how minerals if exploited well can be the savior of its citizens.
How mineral-rich nations like CAR are shitholes is simply beyond belief.
Stealing is demonized in all these religions, but a combination of morality, law and working systems is what enables societies tick in these matters.
We may yap about how Qatar has unsafe working conditions and so forth, but who is hosting the world cup?
Where are Zambia and CAR?