Pan Africanism : Indian cash eyes West Africa oil

Discussion in 'Black History - Culture - Panafricanism' started by panafrica, Nov 25, 2005.

  1. panafrica

    panafrica Well-Known Member MEMBER

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    http://news.bbc.co.uk/2/hi/business/4465962.stm
     
  2. Sekhemu

    Sekhemu Well-Known Member MEMBER

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    This article reinforces the fact there there is a definate trend on the part of Asians to get their hands on African resources, perhaps this time the African won't end up with the short end of the stick
     
  3. Blaklioness

    Blaklioness Well-Known Member MEMBER

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    Africans ARE going to end up with the short end of the stick if they don't start using their own brain power and stop letting all those outsiders in to settle their land and exploit their resources and people. This makes no **** sense...THE richest continent (in every natural resource you can think of) on this planet continues to be the "poorest" in common sense!
     
  4. Sekhemu

    Sekhemu Well-Known Member MEMBER

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    I agree. and unfortunately we have alot of Black "leaders" who are all too willing to cut dirty deals with Asians and Whites to line their pockets. Nigeria is a classic example of this
     
  5. Omowale Jabali

    Omowale Jabali The Cosmic Journeyman PREMIUM MEMBER

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    No doubt!

    :sick:
     
  6. ibrahim

    ibrahim Well-Known Member MEMBER

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    So true......
    Some months ago, The government of Ghana comfirmed that Natural Gas has be found in the northern sector. Weeks later a contract was signed by the government and some whites to go exploit the natural gas...most of the citizens were pissed off. All what the government had to say was that, they had no enough resources to do this, but the president's son was able to obtain a load of $3.5 million to buy a hotel, when pensioners were going hungry.
    Work conditions at the Tema oil refinery in Ghana became so bad that the Ghanaian workers staged a demonstration for salary increment, but they were rather all fired. Most of them were paid less than $1000 a month, so they all left for the middles east were they said they would be paid better. The government then brought people from Asia and signed an agreement to pay them $2000 a month. This is what happens when the president has most of his family in the goverment.
     
  7. Therious

    Therious Banned MEMBER

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    So exploration rights means what ever found is the explorers property?
     
  8. Blaklioness

    Blaklioness Well-Known Member MEMBER

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    Brother Ibrahim,

    Peace...this is what I mean. Corruption...at its finest. Officials couldn't manage to negotiate higher salaries with their own people but are more than willing to allow outsiders to come in and take advantage. Unfortunately, it's going to take full scale rebellion from the masses to usher in necessary changes.
     
  9. militant

    militant Well-Known Member MEMBER

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    Actually, the government of Nigeria had instituted laws back in 1991, thta made it mandatory to break the Monopoly of foriegn companies over Nigerian oil. Rights to oil rich areas were sold at cheap price to certain rich Nigerians. However, most of them except people like Otunba Adenuga (worth $800million in personal fortunes) had sold there rights to foreign companies. That made the whole exercise fruitless. Otunba Adenuga was among the few who decided to stay he course and go through the difficulty of drilling. Moreover, there are new nigerian billionaires coming up like Akilo Dangote (I like the sound of that name), who are investing heavily into Nigerian resources. Akilo Dangote recently acquired a steel plant and he intends to invest $1 billion into the plant.

    My dream is to make enough money to start an acquisition rampage of west african resources.
     
  10. Blaklioness

    Blaklioness Well-Known Member MEMBER

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    If you acquire...keep it Black...1000 percent!
     
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