SME's - WIll China be the next colonial power in Africa

Guest post by: Dr. Rob Smorfitt
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SMEs and entrepreneurs in Africa - By Dr. Rob Smorfitt

China is an excellent trading partner for African countries. A key factor in their favour is that they do not care about your politics, only about your natural resources.

China is a heavy consumer of most commodities today and has a voracious appetite. They are in acquisition/investment mode and can be seen in many African countries. But they are not beneficiating in most cases. As usual Africa is in such a hurry to simply take the money and run, that they are not looking to the future. The Chinese are acting in exactly the same way as the colonial powers did.

When will Africa wake up? The Chinese NEED the products. They will be very negotiable, if they are negotiated with. They will go a long way beyond simply buying the product in its raw state, IF THEY HAVE TO. Where else will they get it?

While I expect China to act in its own best interests, these are not in the best interests of Africa.It is time a compromise was reached by negotiation. All beneficiation is happening in China. They are creating jobs at home for their populace. They are adding the value and growing their GDP.

We must wake up before it is too late?!

Rob Smorfitt

Restricted Access to Finance

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SMEs and entrepreneurs in Africa - By Dr. Rob Smorfitt

About the Author: Dr. Rob Smorfitt

RSS for Dr. Rob's articles - Visit Dr. Rob's website
Have an MBA and a PhD in entrepreneurship. Three key areas of ongoing research are entrepreneurship and innovation in large business strategy, the impact of legislation on SME development and SME finance. Run my own SME blog at http://sme-smb-smme.blogspot.com as well as an entrepreneurship and innovation for large businesses blog at http://innoveur.blogspot.com. I have been self-employed since 1982. I have started or purchased in excess of 50 businesses since then. Most were sold again and a few were shut down because of a lack of profitability. Many were run by staff or family while I worked full time in my bigger businesses. Author of 6 books. Written articles for various magazines, newspapers and websites. Experienced in research within developing countries.
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SME's - WIll China be the next colonial power in Africa

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