The G20’s Compact with Africa is meant to force open African doors to European and generally western investments. African governments have been told in no uncertain terms that for them to receive foreign direct investments, they must improve conditions for such investments. Using its financial muscle the west (through Berlin) is waging war against Africa.

No new plantation has succeeded since independence, either state-owned or private. But it has not stopped Frelimo leaders since Samora Machel from dreaming of giant mechanised farms funded by hundreds of millions of dollars from abroad.

The rules, institutions and operations of global markets, unchanged since the end of formal colonialism, are among the greatest obstacles to the development of African countries.

Inga 3 could generate modest revenues under highly favorable conditions in the best and good-case scenarios. However, under the worst, worse, and most realistic median-case scenarios, Inga 3 would not even cover the  DRC government’s debt payments for the project, let alone constitute a windfall that could fund development priorities.

With its Compact with Africa the German G20 presidency is actively promoting private loans and investment as solutions to infrastructure deficiencies on the African continent. The Compact aims at using public resources in order to improve the investment climate and mobilize private capital to finance investment critical to achieving sustainable development.