Australia To Join The Race For Africa, Seeks Joint Venture Instead
Australia now to jostle with China, UK and Europe in the race to increase business investments in Africa.
The country’s new position is aided by a new look foreign policy that emphasises partnerships with mutual benefits.
Australia recently announced that it will push for mining, trade, education and cultural exchanges and technological advancement programmes in the coming years, during an Africa week held in Perth.
While USA, UK, China and India, all making huge financial offers for projects, Australia goes for partnership.
To begin with, it would like to collaborate with Africa on technology particularly those African countries that are endowed with mineral resources.
The mining sector, it is argued, holds the key for important technological developments; for instance renewable energy, battery storage and communication technologies all rely on a robust mining sector to provide the raw materials.
“We are hoping to create greater economic and social opportunities for African countries, and the people living in them.
These opportunities can be made easier and more accessible through the increased access to technology that the world is creating,” said Western Australia’s mineral minister Bill Johnson.
Source: East African