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As I sought to learn more about Platinum, I learned that this precious metal is considered one of the finest of all jewellery metals. Over 20% of all consumer goods either contain platinum or are produced using platinum. For instance hard disk drives, anti cancer drugs, fibre-optic cables, explosives and LCD displays all rely on platinum. As Anglo American Plc, the company that controls the world’s biggest platinum production reviews its plans to mine the metal in Zimbabwe due to the political crisis, China’s mouth must be watering as it simmers with the opportunity of another natural resource strike.
Mugabe’s embrace of China is expected with his international isolation. However for Kenya, Tanzania and the rest of Africa, to continue embracing this economic giant in the name of interest free loans, roads, bridges and airports, it is a worrying trend that ought to be checked closely.
In a recent research paper by The Heritage Organization, I was astonished to learn that, in 2006, Chinese leaders visited half of Africa’s countries and they declared 2006, the “Year of Africa”. According to the paper China has at least $3 billion invested in the Sudanese energy sector and continues to pursue more investment opportunities.
My take is, China is a selfish, aggressive investor that would stop at nothing to get what she wants at the expense of human lives and good governance. Before further progressing and advancing the trend of blindly embracing China as a partner and friend, it’s time for Africa regimes to halt and take stock of whether this is a worthy cause.
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James Muritu Kariuki
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