Opinion

The new scramble for Africa

The US and China should co-operate rather than compete to help Africa grow its economies, writes Colin Coleman

08 March 2020 - 00:00 By Colin Coleman

The International Monetary Fund (IMF) estimates current world GDP to be $87-trillion (about R1,363-trillion), of which the US represents $21.4-trillion and China $14.1-trillion. All of Africa’s GDP combined totals only about $2.6-trillion.

A 2019 UN report suggests that because of high fertility, gains in life expectancy and declines in child mortality, Africans will comprise 4.3-billion by 2100, out of the then 10.9-billion people, or 39% of the world’s population...

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