Jack Ma Launches $10M African Entrepreneur Prize

While one country sends special forces and military trainers another sends angel investors and business founders.
Drachen_Jagersays...

I know it's investing lingo, but there's nothing angelic about Chinese investment in Africa. They're just exploiting the power differential.

Not that we in the west can claim to be morally better, it's just that China does exploitation, as with all things, with 100% commitment.

C-notesays...

Money that China is pumping into African countries is making it down to tangible things that average people can see and benefit from. People are finding it easier to secure loans in South Africa, Ghana, and Nigeria financed by Chinese banks then via british or american banks.

I do give a nod to Bill Gates and his initiatives, but even his project fail when it comes to the one thing the average person needs most, capital investment.

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