Question: Africa has been described as the last frontier of development in the global dynamics of the world. However, Africa is yet to leave up to any of these expectations and is plagued with several social development issues. The question remains: Is Africa an important continent to the world?
Regardless, African Tech start up firms raised $ 4.3 - 5 Billion in 2021, raised $ 1.8 Billion in Q1 2022 and is on track to hit $ 7 Billion by end of 2022. Tech enthusiasts and pundits suggest that Africa is likely to defy global trends in VC funding in 2022.
a) Freely discuss the geopolitical and economical implication of the above statements using concepts from this course. Discuss this from the point of view of pros and con
b) The flow of Foreign Direct Investment to Africa is commonplace. However, infrastructure development in most of Africa is still stunted. Discuss how China's exploits in Africa is changing this tide? Is this a constructive win-win situation on the long run for Africa and China or is this a case of winner takes all at the end of the day.