For example, Africa-China relations has grown exponentially since the early industrial era – China has viewed African emerging and fast-growing markets as profitable outlets and have even proposed building large-scale structural projects in countries rich in natural resources, i.e. Nigeria, Sudan, Angola and South Africa. China has funded the construction of roads and railroads, dams, ports and airports in these countries. However, critics argue that Chinese business practices, which stem mainly from diplomatic agreements, have impeded aspects of African development.
What can African investors learn from China’s approach to broadening relationships by way of economic diplomacy?
While there are countless community members that will directly benefit with the introduction of new locally owned businesses in their area what of the entirety of African nations that will require new pools of potential leaders in the coming years. Re-enter the notion of foreign direct investment and how new options within the U.S. can assist in preparing Africa’s’ next generation of globally recognized leadership.
The U.S. Federal Government launched its EB-5 Immigrant Investor Program in 1992. Since then thousands of immigrant investors have taken advantage of the programs’ benefits – which include in-state college tuition and the ability to live anywhere within the continental United States. This direct access to a less stressful way of life may just be the perfect solution for Africa’s’ need to provide future leaders with a mix of access to world class education for its loyal future leaders and influence in the infrastructure of larger nations, i.e. United States of America. The U.S. and African industrial chains and economies can be complementary; while the United States cannot provide Africa with low-cost industrial products, like the continents’ Chinese partners, the U.S. offers a “no language barrier” benefit that gives African future leaders options that speed up processes in gaining an education, building relationships, and
What options do African countries have to do to ensure the growth and ownership of their infrastructure?
For more information on the U.S. EB-5 Immigrant Investor Program visit iiusa.gov – to participate in the upcoming EB-5 Africa Webinar please sign up for an exclusive invite:CLICK HERE