The proposed formula contains appealing guidelines for initiating economic development in Africa, but it does not address long-term stability and protection from risks and global volatility. Risks are only understood as risks for the investors. Thus, this development strategy embraces the prevailing neoliberalism that re-enacts colonialism.
On Monday-Tuesday next week, Berlin will host the G20 finance ministers’ negotiations with African elites led by a South African, Malusi Gigaba. Is this the next neo-colonial defeat for the continent, harking back to another process 132 years ago?