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BBCNEWS Talking Business June 4, 2024 23:43:00

The united states. flori is the big boss of corporate council on african. an absolute pleasure having you on this show. good luck with everything and i ll talk to you soon. great. thank you so much for having me. so, with customers for its valuable natural resources just queuing up at the door. africa seems to be in a strong position, but it s also a continent full of countries with huge debts to the rest of the world. so, just how is it going to turn its opportunities into prosperity? well, that s something i ve been discussing with the man in charge of trade at the african union, ambassador albert muchanga. a real pleasure having you on the show. and albert, let s start with this, because this year we ve seen a big increase in the number of foreign leaders visiting africa. they all want to increase trade ties with africa. why do you think that is? well, this is part of the international economy. there are a lot of opportunities around the world and a lot of countries want diversified ....

South Africa , Big Boss , Natural Resources , Albert Muchanga , African Union , Trade Ties ,

BBCNEWS Talking Business June 4, 2024 23:40:00

What the business leaders that you speak to make of all this attention? i am glad that people are noticing that there are incredible opportunities on the continent. you know, people talk about sometimes us versus china, but truthfully, the us and china are not the only countries that are in africa. and why? because most people recognise you ve got fast growing economies. you ve got a youthful population. you know, they re going to be supplying a huge part of the world s labour force. they ve got the commodities and the natural resources there, and you have better governance in a lot of the countries. but flori, let s be frank here, because you know this many are seeing this as basically the west trying to play catch up. we know china s been investing billions into africa since the turn of the century and this is now the west, possibly sweating bricks that they re losing out to china s influence on that vast continent. i have a somewhat different view because china certainly has been in ....

South Africa , Business Leaders , Natural Resources , The World S Labour Force ,

BBCNEWS Talking Business June 4, 2024 23:41:00

For example, caterpillar and procter and gamble and visa, who have been there for 40, 50, 60 years. so, some of it is just the impression of who s there. but the numbers speak for themselves because flori in 2009, china overtook the us when it comes to the size of its trade relationship with africa and it s now three times as big right as what america spends. i mean, you had an important role in the us government at a time when china was busy overtaking and outspending the us in africa and growing its influence. so, can you say, looking back at it, that that was a mistake? no, no, no. let s be clear, because of what has happened in china over the last 30 to a0 years as they were coming into the world trade organization and all of that, what they ve done in africa is essentially no different than what they ve done all in the rest of the world. but the other point that ....

Procter And Gamble , South Africa , Trade Relationship , World Trade Organization ,

CNN Early Start With Christine Romans June 4, 2024 09:44:00

Check this out, pitching the ninth for nicaragua, the 21-year-old listed at 5 9 super out three superstars. and a scout in attendance was so impressed, he found the player after the game, talked to him and signed him to a minor league deal. christina, what a night for that young man striking out three superstars and then getting himself a contract to be a pro baseball player. that is awesome. andy scholes, thank you. coming up on cnn this morning, first nor easter of the season is bearing down on new england and new york. what to 1k3expect. flori and next here, what the failure of silicon valley bank and what it means for about tet tech, coming up. ....

Minor League Deal , New England , Nor Easter , New York , Pro Baseball Player , Andy Scholes , Coming Up , Tet Tech ,

Coast Guard intercepts 309 Haitian migrants in 'less than seaworthy' vessel off Flori

Coast Guard intercepts 309 Haitian migrants in less than seaworthy vessel off Florida s coast Story by Elizabeth Pritchett • 6h ago February 1, ....

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