oa Africa Insight - Africa's Quest for Economic Independence

Volume 6, Issue 1-2
  • ISSN : 0256-2804



On becoming independent most African states found their economies dominated by foreign enterprises who controlled large areas of agriculture, mining and industry. Caught between the fear of foreign exploitation on the one hand, and the need for accelerated development and employment on the other, African leaders decided to playa larger part themselves in shaping the destiny of their own countries. Various methods were employed to achieve this objective and included nationalisation, indigenisation and africanisation. Although methods adopted to achieve increased ownership or control of local economies have differed from country to country, this quest for greater economic independence has often had negative consequences actually resulting in the deceleration of economic growth. Present indications are that African governments will have to reconsider many of their policies regarding foreign participation, and endeavour to create a better climate for co-operation between African states and foreign concerns.

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