Comment on The Cost of the Gulf’s Booming Business in Africa

The Cost of the Gulf’s Booming Business in Africa

Late last year, over 50 African leaders gathered in Riyadh for the first ever Saudi-Africa summit. Convened by Crown Prince Mohammed bin Salman, it brought together a mélange of democrats and dictators, reformers and kleptocrats, young go-getters and long-ruling dinosaurs. Their objective? To wangle a slice of the $40 billion Saudi Arabia plans to invest in Africa. [time-brightcove not-tgx=”true”] For the African leaders in attendance, the summit was a golden opportunity to obtain generous aid and inexpensive loans from one of the world’s richest countries.

 

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