Economic promotion
The African economies are all very weakly developed. In some states, there are no significant economic structures at all. This problem is not new.
It seems, however, as if nothing is likely to change quickly in this regard.
Economic promotion in Africa
Of course, the major western industrial nations repeatedly offer their help. However, this is done exclusively out of self-interest. Ultimately, it is only about securing important resources. An actual improvement in the situation is not aimed for. Ultimately, the goal is to keep the prices for raw materials and food as low as possible, at all costs. What is practiced here can simply be described as colonialism 2.0.
No economy means no problems
Most African states practically have no discernible economy. Only the northern states bordering the Mediterranean, as well as South Africa, can be described as economically better off. In addition, there are countries like Nigeria, which are in a slightly more promising position due to their oil. However, exploitation and oppression are usually the price of cheap production. For example, although large oil companies invest in Nigeria, these amounts are negligible compared to their advertising costs in consumer countries for oil and gasoline. In addition, no consideration is given to the country's environment. It is well known that the country is slowly sinking in oil because broken pipelines are leaking the raw material into the landscape everywhere. So even if industrialized nations and large companies invest in the African economy, this is mainly for their own purposes.
Small glimmers of hope – targeted promotion can help
Namibia is also one of those states that can be counted among the more stable ones. However, even there, despite a steady but declining economic growth, poverty has not noticeably decreased. Various measures have therefore been taken to slowly revive the economy. Small successes have been achieved in this regard. In particular, small businesses have been supported. In addition to financial resources, comprehensive advice has also been offered. The aim was and is to build a connection between banks and small businesses. This is intended to strengthen the money turnover of the entire Namibian economy. Politics is not neglected in this process. It is involved in most decisions to raise awareness of regional development. It should be noted that this form of aid involves little money being injected into the system from the outside. Like the 'help for self-help', it focuses on strengthening the economy from within. This is a lengthy process, but at least it shows initial small successes. However, due to the power of large corporations, it remains doubtful whether a significant improvement in the situation can be achieved in the long term.
