The Looting Machine

Author: Tom Burgis
Publisher: William Collins
ISBN: 0007523106
Release Date: 2016-04-07
Genre:

An investigative journey into the ways the resource trade wreaks havoc on Africa, 'The Looting Machine' sheds light on the shadowy networks that connect Goldman Sachs, BP, the Hong Kong underworld and the murderous cabals that rule some oil states.

The Looting Machine

Author: Tom Burgis
Publisher: William Collins
ISBN: 0007523092
Release Date: 2015-02
Genre: Business & Economics

The discovery of one of the world's most promising oil frontiers along Africa's west coast has seen the area touted as a prime investment destination. But talk of the reinvention of a continent masks a more troubling truth. The dirty trade in African resources has been grossly underreported. We have failed to grasp the importance of African commodities in our daily lives, be it the Guinean aluminium in our cutlery or the Nigerian petrol in our cars. As our dependency on these resources increases, the stories of those who live under their curse become all the more urgent. In this vital and arresting book, investigative journalist Tom Burgis hunts out the human stories both of the power brokers who run the looting machine and of those whose lives have been shattered by it, discovering how the price of the raw ingredients that fuel the global economy is rightly measured not in dollars, but in minds scarred and lives lost.

The Looting Machine

Author: Tom Burgis
Publisher: PublicAffairs
ISBN: 9781610397483
Release Date: 2016-05-03
Genre: History

The trade in oil, gas, gems, metals and rare earth minerals wreaks havoc in Africa. During the years when Brazil, India, China and the other “emerging markets” have transformed their economies, Africa's resource states remained tethered to the bottom of the industrial supply chain. While Africa accounts for about 30 per cent of the world's reserves of hydrocarbons and minerals and 14 per cent of the world's population, its share of global manufacturing stood in 2011 exactly where it stood in 2000: at 1 percent. In his first book, The Looting Machine, Tom Burgis exposes the truth about the African development miracle: for the resource states, it's a mirage. The oil, copper, diamonds, gold and coltan deposits attract a global network of traders, bankers, corporate extractors and investors who combine with venal political cabals to loot the states' value. And the vagaries of resource-dependent economies could pitch Africa's new middle class back into destitution just as quickly as they climbed out of it. The ground beneath their feet is as precarious as a Congolese mine shaft; their prosperity could spill away like crude from a busted pipeline. This catastrophic social disintegration is not merely a continuation of Africa's past as a colonial victim. The looting now is accelerating as never before. As global demand for Africa's resources rises, a handful of Africans are becoming legitimately rich but the vast majority, like the continent as a whole, is being fleeced. Outsiders tend to think of Africa as a great drain of philanthropy. But look more closely at the resource industry and the relationship between Africa and the rest of the world looks rather different. In 2010, fuel and mineral exports from Africa were worth 333 billion, more than seven times the value of the aid that went in the opposite direction. But who received the money? For every Frenchwoman who dies in childbirth, 100 die in Niger alone, the former French colony whose uranium fuels France's nuclear reactors. In petro-states like Angola three-quarters of government revenue comes from oil. The government is not funded by the people, and as result it is not beholden to them. A score of African countries whose economies depend on resources are rentier states; their people are largely serfs. The resource curse is not merely some unfortunate economic phenomenon, the product of an intangible force. What is happening in Africa's resource states is systematic looting. Like its victims, its beneficiaries have names.

Dancing in the Glory of Monsters

Author: Jason Stearns
Publisher: PublicAffairs
ISBN: 9781610391597
Release Date: 2012-03-27
Genre: History

At the heart of Africa is Congo, a country the size of Western Europe, bordering nine other nations, that since 1996 has been wracked by a brutal and unstaunchable war in which millions have died. And yet, despite its epic proportions, it has received little sustained media attention. In this deeply reported book, Jason Stearns vividly tells the story of this misunderstood conflict through the experiences of those who engineered and perpetrated it. He depicts village pastors who survived massacres, the child soldier assassin of President Kabila, a female Hutu activist who relives the hunting and methodical extermination of fellow refugees, and key architects of the war that became as great a disaster as--and was a direct consequence of--the genocide in neighboring Rwanda. Through their stories, he tries to understand why such mass violence made sense, and why stability has been so elusive. Through their voices, and an astonishing wealth of knowledge and research, Stearns chronicles the political, social, and moral decay of the Congolese State.

A Continent for the Taking

Author: Howard W. French
Publisher: Vintage
ISBN: 9780307424303
Release Date: 2007-12-18
Genre: History

In A Continent for the Taking Howard W. French, a veteran correspondent for The New York Times, gives a compelling firsthand account of some of Africa’s most devastating recent history–from the fall of Mobutu Sese Seko, to Charles Taylor’s arrival in Monrovia, to the genocide in Rwanda and the Congo that left millions dead. Blending eyewitness reportage with rich historical insight, French searches deeply into the causes of today’s events, illuminating the debilitating legacy of colonization and the abiding hypocrisy and inhumanity of both Western and African political leaders. While he captures the tragedies that have repeatedly befallen Africa’s peoples, French also opens our eyes to the immense possibility that lies in Africa’s complexity, diversity, and myriad cultural strengths. The culmination of twenty-five years of passionate exploration and understanding, this is a powerful and ultimately hopeful book about a fascinating and misunderstood continent. From the Trade Paperback edition.

Emerging Africa

Author: Steven C. Radelet
Publisher: CGD Books
ISBN: 9781933286518
Release Date: 2010
Genre: Political Science

Since 1995, 17 African countries have defied expeotations and have launched a remarkable, if little-noticed, tumaround, Emerging Africa describes this revitalization and why it is likely to continue. "Steve tosses out the stereotypes and unearths reality...A meticulous and fascinating account of sub-Saharan Africa's most successful economies."---Bono, lead singer of U2 and co-founder of ONE and (RED) "Steve Radelet's comprehensive analysis provides further grounds for optimism that improved macroeconomic management in a significant number of countries is producing tangible results, including resilience to recent shocks. It makes an important contribution to mounting evidence of sustainable economic improvements across the continent, while being realistic about the effort needed to tackle remaining challenges."---Antoinette Monsio Sayeh, former Minister of Finance of Liberia and Director, African Department, International Monetary Fund "Africa is too often used as a blunt weapon to score points in debates about hopeless poverty or desperate need. Radelet uncovers the national success stories that are lost in `the Africa debate,' He has done Africa and the citizens of these good performers a great favor."---Lord Mark Malloch-Brown, Monitor Group, former Minister of State, United Kingdom "African is in flux. Many countries have learned from past mistakes and now face huge new opportunities. Yet much of this has gone unnoticed. Radelet's important book will open your eyes to the new realities."---Paul Collier, Oxford University, author of The Bottom Billion

Fortunes of Africa

Author: Martin Meredith
Publisher: Simon and Schuster
ISBN: 9781471135460
Release Date: 2014-09-11
Genre: History

In this vast and vivid panorama of history, Martin Meredith, bestselling author of The State of Africa, follows the fortunes of Africa over a period of 5,000 years. With compelling narrative, he traces the rise and fall of ancient kingdoms and empires; the spread of Christianity and Islam; the enduring quest for gold and other riches; the exploits of explorers and missionaries; and the impact of European colonisation. He examines, too, the fate of modern African states and concludes with a glimpse into their future. This is history on an epic scale.

China s Second Continent

Author: Howard W. French
Publisher: Vintage
ISBN: 9780385351683
Release Date: 2014-05-20
Genre: Social Science

A New York Times Notable Book Chinese immigrants of the recent past and unfolding twenty-first century are in search of the African dream. So explains indefatigable traveler Howard W. French, prize-winning investigative journalist and former New York Times bureau chief in Africa and China, in the definitive account of this seismic geopolitical development. China’s burgeoning presence in Africa is already shaping, and reshaping, the future of millions of people. From Liberia to Senegal to Mozambique, in creaky trucks and by back roads, French introduces us to the characters who make up China’s dogged emigrant population: entrepreneurs singlehandedly reshaping African infrastructure, and less-lucky migrants barely scraping by but still convinced of Africa’s opportunities. French’s acute observations offer illuminating insight into the most pressing unknowns of modern Sino-African relations: Why China is making these cultural and economic incursions into the continent; what Africa’s role is in this equation; and what the ramifications for both parties and their people—and the watching world—will be in the foreseeable future. One of the Best Books of the Year at • The Economist • The Guardian • Foreign Affairs

Success in Africa

Author: Jonathan Berman
Publisher: Routledge
ISBN: 9781351860604
Release Date: 2016-10-21
Genre: Business & Economics

In an era of slowing growth, Africa is home to a trillion-dollar, resource-rich economy, and six of the ten fastest growing markets in the world. Success in Africa introduces the ambitious CEOs who are building the continent. These stories of growth, technology, and tradition bring life to one of the most important stories of the global economy: a successful Africa. The CEOs of General Electric, The Coca Cola Company, and Tullow Oil join Africa's leading CEOs to share insights on what wins in this fast-growth market. With twenty years of experience in frontier markets, including a decade working in Africa, author Jonathan Berman engages with top business leaders on the vast opportunities and challenges of the continent. Success in Africa pushes past the headlines on Africa's growth to answer the questions often asked by companies and investors: Who do I work with there and what drives them? How do I deal with government? What about war, disease, and poverty? What about China? How do I win? Success in Africa provides on-the-ground perspective, personal stories, and insight that Robert Rubin calls "essential reading for all who are interested in Africa for reasons of business, investment, policy, or curiosity."

The West Stole Africa s Wealth

Author: Khoza Mduduzi
Publisher: Xlibris Corporation
ISBN: 9781503570610
Release Date: 2015-07-28
Genre: Political Science

The West stolen Africa’s wealth and invested it in the IMF, World Bank and European Bank. Through the colonization of Africa, the West not only managed to impoverish the African continent but it managed to build its own world class infrastructure through ill-gotten wealth from Africa. Africa is the richest continent on the face of the world as far as mineral resources is concern, but, Africans are the poorest people on the face of the world. It’s an open secret that the majority of skyscrapers in the US were built by African slaves who were bought from Gorée Island in Senegal at the cheapest price and transported to the US. From the Dark Age until to the information age, the African continent is the only continent where there is no perennial political peace. Africans have been on the run from their civil wars for quite a long period of time, to the point that some Africans have emigrated from the African continent to live in the West where they are not even welcomed and accepted. African mineral resources are sufficient enough to the point that if they were equally and fairly utilized in the interest of the Africa people, Africa was going to be a poverty-free continent. Unfortunately opposite is the case, the African mineral resources continue to enrich the Westerners at the expense of the African people. Africans are political free but remain economically in prison, which they can’t see, smell, touch or feel.The west destabilizes the African continent by pouring military weapons to the African continent to ensure that bloodshed does not cease.

The Fate of Africa

Author: Martin Meredith
Publisher: PublicAffairs
ISBN: 9781610391320
Release Date: 2011-09-06
Genre: History

First published in 2005, The Fate of Africa was hailed by reviewers as "A masterpiece....The nonfiction book of the year" (The New York Post); "a magnificent achievement" (Weekly Standard); "a joy," (Wall Street Journal) and "one of the decade's most important works on Africa" (Publishers Weekly, starred review). Now Martin Meredith has revised this classic history to incorporate important recent developments, including the Darfur crisis in Sudan, Robert Mugabe's continued destructive rule in Zimbabwe, controversies over Western aid and exploitation of Africa's resources, the growing importance and influence of China, and the democratic movement roiling the North African countries of Tunisia, Egypt, and Jordan.

Africa

Author: John Reader
Publisher: Penguin UK
ISBN: 9780140266757
Release Date: 1998-11-05
Genre: History

Includes bibliographical references and index.

The New Scramble for Africa

Author: Pádraig Carmody
Publisher: John Wiley & Sons
ISBN: 9781509507115
Release Date: 2017-01-03
Genre: Business & Economics

Once marginalized in the world economy, Africa today is a major global supplier of crucial raw materials like oil, uranium and coltan. China's part in this story has loomed particularly large in recent years, and the American military footprint on the continent has also expanded. But a new scramble for resources, markets and territory is now taking place in Africa involving not just state, but non state-actors, including Islamic fundamentalist and other rebel groups. The second edition of Pádraig Carmody's popular book explores the dynamics of the new scramble for African resources, markets, and territory and the impact of current investment and competition on people, the environment, and political and economic development on the continent. Fully revised and updated throughout, its chapters explore old and new economic power interests in Africa; oil, minerals, timber, biofuels, land, food and fisheries; and the nature and impacts of Asian and South African investment in manufacturing and other sectors. The New Scramble for Africa will be essential reading for students of African studies, international relations and resource politics, as well as anyone interested in current affairs.