15 Billion to Spend

A spin off benefit of going to the pool in the pre-dawn hours is that I often listen to BBC’s Business Report on CBC Radio One.   And sometimes one catches interesting things.  Like the fact that China, a country on the hunt for more resources to meet its needs, has just signed deals with Ghana that total over 15 Billion in loans and get it in on the ground floor with Ghana’s newly discovered off shore oil and will give it 80% of the shares of a new Bauxite Refinery.

I once picked up a book that was designed to give North American Business etiquette tips for cross-cultural enterprises.  It was organized by country.  The only entries for Africa were Egypt and South Africa.

No wonder China is seizing a wide open door of opportunities on the continent.


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