[Obama speaks from the long experience of the US’ empire in Africa, when he urges African caution when new investors come around. These are not altruistic words; they come from the proverbial fox seeking to “guard and protect” the hen house from other predators. Obama asserts that African development can only occur under his “trusted” US’ tutelage. But the pathbreaking writer Walter Rodney, author of the 1973 book “How Europe Undeveloped Africa,” detailed those relations and concluded, “African development is possible only on the basis of a radical break with the international capitalist system.”– Frontlines ed.]
Ask questions on foreign investments, Obama tell Africans
Vanguardngr.com, PRETORIA, on June 29, 2013
US President Barack Obama urged Africans on Saturday to ask more questions about lop-sided deals with some foreign investors, while dismissing talk of a Chinese and US scramble for influence on the continent.
During a landmark visit to the continent of his father’s birth, Obama said he welcomed renewed interest from larger emerging markets.
“I actually welcome the attention that Africa is receiving from countries like China and Brazil and India and Turkey.”
But he urged African nations to make sure trade was not a one-way street.
“When we look at what other countries are doing in Africa, I think our only advice is make sure it’s a good deal for Africa.” Continue reading