If the interest rates for loans are high for most African Countries, diversifying and building up the industrial sector is difficult to manage for the governments. This plays into the hands of the mining companies and agribusiness that prefer to extract and export minerals and primary resources without processing them on the continent. So the potential added value of the ressources is exported as well.
If the interest rates for loans are high for most African Countries, diversifying and building up the industrial sector is difficult to manage for the governments. This plays into the hands of the mining companies and agribusiness that prefer to extract and export minerals and primary resources without processing them on the continent. So the potential added value of the ressources is exported as well.
Well put, Earthkeeper! And Happy 2025! We're excited to be back...