Kikwete and the Economy of Tanzania

Before Kikwete took office in December 2005, Mr. Mkapa had transformed the country from a socialist state to a free market economy during his 10 years as president.Mkapa's legacy continues.

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Wednesday, November 01, 2006

China Intensifies Exploration to African Continent

China’s population is growing tremendously creating a great need for Chinese to look for better life and business opportunities elsewhere. Africa is being a target in this Chinese exploration.
Africa is indeed in need of investors, presumably the only way for Africa’s economic change. Chinese like any other potential investors are very welcomed. Most African leaders believe that investors will help rescue the economy. Some of us are very skeptical about this.

For Chinese, Africa has many unexplored business opportunities and Africans themselves seem not to see or explore these opportunities. The impact of Chinese migration to Africa is not well calculated and in the long run; the impact will not differ from that of colonialism.

Can Africa learn from China and do what Chinese do? African markets are flooded by Chinese products. In china, labor is very cheap. Where are the African products? Like China, Africa has cheap labor in great supply.

I think Africa is in big trouble.