Nov 22, 2010

Smart and Responsible Investment

This is part of the prepared speech by Dr Ngozi Okonjo-Iweala, Managing Director of the World Bank. She spoke at the 2010 China Mining& Expo on November 16.

"Africa is an exciting destination for mining and other investments. It is possible to invest securely and profitably for the long term. Just follow common sense: Align Investments with Countries’ Development Priorities; Practice Transparency; Add Value to the Country and its People; Pay What is Due and Do What is Right; and Engage with Local Communities."


There are so many truths in this article that are not only applicable to foreign investors in African countries, but to us well, as Africans. Let us not buy into the status quo of back alley deals and fly-by night operations. We have so much to gain by investing in our own people and resources. 

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