Tuesday, August 6, 2013

Discover Africa

The African continent is three times the size of the United States and nearly three million square miles bigger than Europe, including the Asian portion of Russia. By 2100, the U.N. estimates Africa will have 3 billion more people than it has now. Future opportunities in this vast and growing continent need not be overlooked because of the world's somewhat warped historical viewpoint. A new guide, Emerging Africa, by Kingsley Chiedu Moghalu dispels some of the assumptions about lack of development on the continent. And in 2015, one of the discussions in the Foreign Policy Association's Great Decisions program will feature "U.S. Policy Toward Africa."

    Headlines do not tell the whole story of what is happening in Africa. News reports rightly warned that the Ebola virus was out of control in West Africa. In April and May of 2014, the world heard that over 200 teenage girls were kidnapped by Boko Haram, an Islamist terrorist group in northern Nigeria. Since then, the group has taken additional girls and women as wives, cooks, and suicide bombers; young men and boys have been abducted to serve as soldiers. On January 15, 2019, al-Shabab terrorists with ties to al-Qaeda would kill at least 21 in an attack on a hotel/office complex in Nairobi, Kenya. In April, 2015, jihadis from al-Shabab killed 147 in a raid on a Kenyan university. Earlier,  terrorists attacked at a Kenyan mall.

     Europe's scramble to colonize the continent between 1876 and 1912 left independent African countries in the 1960s with an uneducated population, some leaders who exploited their people in imitation of former colonial administrators, disease, and transportation ties to Europe rather than each other. To this day, Fastjet is still having trouble launching its plan to provide affordable African flights.

     But just like Pablo Picasso in 1907, when he first saw the African artifacts that caused him to create a new form of art, young people are in a position to look at Africa in a new way. Beginning with the book Ashanti to Zulu, kids can learn the alphabet and 26 African traditions at the same time. With the help of ePals.com, classrooms can connect with African students in several languages by email, Skype, and project collaborations.

     Students need not see Africans only as impoverished children who can live on 50 cents per day donations. According to trendwatching.com, 65% of Africa's 8- to 18-year-olds have access to a mobile phone. In Gambia and Ghana, trendwatching.com reports entrepreneurs run solar-charging kiosks where the public can charge their mobile devices for a fee. In addition to social contacts, mobile devices are facilitating education and job-hunting in Africa. By 2060, trendwatching.com expects there will be 1.1 billion middle class Africans. Already, the SABMiller bottler and Coca-Cola have joined forces to profit from Africa's growing middle class.

    Africa's growth is attracting $24 billion in foreign investment this year. In fact, the Financial Times (April 4, 2014) reported that return from private equity investments in Africa is comparable to the return on investments in China and Latin America. No wonder the Rothschild Fund is looking to invest $530 million in African projects that have a long term social development aspect to them. And the Swedish risk capital firm, Swedfund, is investing in a partnership between the H&M retailer and Ethiopian textile firms that manufacture according to high social and environmental standards. (Also see the later blog post, "Never Too Young to Invest in the Future.")

    Forbes magazine listed 27 billionaires in Africa. Today's richest African is Aliko Dangote of Nigeria, who makes his money from the cement used for construction throughout Africa. Recognizing the potential for African construction, Dubai has invested $300 million in Dangote Cement. Other riches have been made in areas, such as oil, sugar, flour, banking, media, telecommunications, luxury goods, diamonds, supermarkets, and pharmaceuticals. Looking past the current drop in oil prices, Dangote increased his oil refinery investment from $9 billion to $11 billion in December, 2014. (Nonetheless, his estimated $21 billion fortune has taken a $5.4 billion hit due to sagging oil prices.) Stephen Saad of South Africa, founder of Aspen Pharmacare, is making his fortune by manufacturing generic drugs. Isabel dos Santos, Africa's first female billionaire, a former head of Angola's state oil group, and the daughter of Angola's president, is a major player in the banking industry. She seeks to block Spain's CaixaBank's attempt to assume full control of the Portuguese bank, BPI, where she is the second largest investor. As an alternative, she has proposed a merger of BPI and Portugal's Millennium BCP bank to reinforce their presence in Africa's Portuguese-speaking Angola and Mozambique. (As of President Joao Lourenco's election as President of Angola, Ms. dos Santos no longer heads Angola's national oil company and the former president's son has been charged with fraud for transferring $500 million out of the country.)  Bob Diamond's Atlas Mara, founded to invest in Sub-Saharan African financial institutions, continues to expand with its latest interest in a 45% stake in Banque Populaire du Rwanda.

     African startups also are winning outside support. IBM's "Project Lucy" coordinates the work of local universities, development agencies, startups, and others who want to create ventures that solve key African issues. BiztechAfrica reports that, as part of its 4Afika Initiative, Microsoft has made five innovation grants to the following startups: Uganda's access.mobile, which facilitates information sharing in the fields of agriculture and healthcare, Kenya's Africa 118, a mobile directory service, and Kytabu, which rents textbooks on tablets (A US entrepreneur just found funding for a similar project on the TV show, "Shark Tank"), and Nigeria's Gamsole, which creates games for Windows, and Save & Buy, which facilitates e-commerce purchases.

     In a long entry in March, 2014, " trendwatching.com's African" described how African governments and developers are facilitating areas, like Ghana's Hope City, Nigeria's Eko Atlantic, and Kenya's Konga Techno, that invite entrepreneurs to set up shop. Better than being  unemployed, business-minded young adults are responding by using crowdfunding platforms, such as Globevestor; developing tech applications, such as Nigeria's bus travel website (bus.com.ng); entering competitions (South Africa's First National Bank holds an "Ideas Can Help" competition for inventors, Yola sponsors a build-your-own website contest, there's a Anzisha Prize and a TechCabal Battlefield prize); and formalizing Africa's informal economy of outdoor markets, street hawkers, and resellers. Kenya's e-commerce Soko platform, for example, now connects global shoppers with local jewelry artisans who use natural and upcycled materials. FirstBank Nigeria is one of the firms that facilitates secure online payments.

      Projects involving the rich history of Egypt are already a staple of school curricula. Tracing Mansa Musa's religious pilgrimage from Timbuktu, the West African city in Mali, to Mecca in 1324 introduces an African mogul who distributed gold on his journey and returned with an architect to build a great mosque and scholars who created the Sankore University. A video about Shaka Zulu can introduce students to a military genius.

     Looking back through previous blog posts, Africa is mentioned in a variety of contexts.
  • There are T-shirt designs from Swaziland and a U.S. artist who studied at the University of Cape Town in South Africa ("Global Drawing Power")
  • Somali children were featured in Asad, the live action short nominated for a 2012 Academy Award ("See the World at the Movies")
  • Paul Simon's "Graceland" recording incorporated the township rhythms of South Africa ("Music of the Sphere")
  • Ghana's kente cloth was mentioned in "The World of Fashion" and Ghana's chocolates tempted taste buds in "Pizza, Plantains, and Moo Goo Guy Pan."
  • In 2004 Wangari Maathai of Kenya won a Noble Prize for mobilizing a campaign to fight global warming by planting trees and launched the U.N. project to plant a billion trees around the world ("Hope for the Future" and "A Healthy Environment")The website, About.com African History, has a list and description of Africa's 25 Nobel Prize winners. 
  • Students located the African countries that produced the products they found in their scavenger hunt bags ("Games Children Play")
Just like the missionary, David Livingston, who happened to come upon the African falls he named for Queen Victoria, Africa still is open for discovery. China has discovered Africa's many minerals, such as iron ore and copper, and is building railroads to transport them to ports for export. French-speaking Chinese students have followed Chinese companies to work for them in former French colonies. Oprah Winfrey has founded a school for girls in Africa. The Bill and Melinda Gates Foundation has set out to help eliminate malaria and HIV in Africa. George Clooney sent up a satellite to watch for atrocities in the Darfur region of Sudan. And, like Alexander McCall Smith, the author of The No.1 Ladies' Detective Agency in Botswana, there's still the possibility of finding riches by writing one of Africa's fascinating stories.



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