Wednesday, April 25, 2012

Africa Needs Trade, Entreprenuers, not Philantropy


Here is a post I did, as an antithesis to a post I came about "Where thou Oh African Philantopists?" on okwarohztake.blogspot.com. I will go with 'anonymous april 15 2012' lets face it Africa needs more and more rich men and just a wee bit of philanthripy. Whereas we might allude to the fact that Bill Gates through his Bill and Melinda Gates Foundation makes handsome donations to the African causes, does he really give back to the African continent and its people. Lets do a little fact checker. #1 Africa provides a very small percentage of Microsoft's global profits. #2 Microsoft is primary a Softwares business so no African Earth or African Village could, nor a single stone turned in the creation of a single Microsoft product. Question? Does Microsoft or Bill Gates owe Africa, a dime or a thing? In humble opinion he does not his is just a generous man constantly chooses to identify with causes that are further apart from his world like heaven and earth. The fact of the matter is that men and women in Africa's rich list have created empires in murky and feeble micro-economic and political environments. What we need in Africa is not philanthropy but rather and evening out of the economic opportunities to all. The rule and equity of law is much more paramount than a few billionaires sharing some paltry fortunes with the poor. Lets face Africa's men in the rich list create Value; Merali creates value in the Manfucturing busines, he turns raw materials (non of which could have been useful to the Africa people) into things like Iron sheets, he employees a sizable number of employees, he contributes massively to the tax pool, Wale Adenoga creates value in the telecommunications business, he Glo provides competition to foreign telecommunication companies in Africa. Lets no chide our big men for giving more. Lets chide ourselves for allowing our governments to continually enfeeble our capacities. Let us pinch ourselves for not being vigilant enough, for allowing corruption to incapacitate the ease of dong business in Africa. And that my dear friends is how we shall escape the cycle of poverty.

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