By Terence McNamee, Mark Pearson, Wiebe Boer (eds.)
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Extra resources for Africans Investing in Africa: Understanding Business and Trade, Sector by Sector
21. Ibid. 22. Lovejoy, ‘The Role of the Wangara’, p. 176. 23. Ibid. 24. E. Flint, Sir George Goldie and the Making of Nigeria (London: Oxford University Press, 1960), pp. 9–33. Flint discusses the United Africa Company’s frantic and aggressive acquisition of French competitors in the Niger trade. 25. Flint, Sir George Goldie, pp. 74–84. 26. , p. 174. 27. , p. 230. 28. A) Universite de Paris I (Copie du Manuscript MS 141-C-1 a la Societe de Geographie de Lisbonne). Cited in Flint, Sir George Goldie, p.
If they manage to stay on this path, there will soon be many more countries with positive governance scores. And this may be the more significant observation: although most countries have not yet managed to break into positive territory, the fact that they are getting better may be enough to give African investors enough confidence to keep their money on the continent. A further factor inspiring confidence is that most African countries have abandoned their earlier dalliances with socialism and its derivatives.
In all the regions where they operated, Wangara traders and investors recognised the important entwinements of the business and political realms The Wangara Trading Network 21 and worked hard to dissolve antagonism between the two and to bring them into a productive, cooperative relationship. In the polities where the Wangara established trading communities and supply chains, they designated Wangara merchants and trade consuls to lobby the host political establishment. This lobbying activity was instrumental in securing trade, getting a set of uniform trade rules enforced and opening up new markets.