China’s ongoing colonization of Africa represents yet another sad development in the continent’s tragic history. I briefly highlighted this topic once before in December 2012, via a “Guest Post” I suggest reading titled: Africa in the Crosshairs.
Unfortunately, Erik Price of Blackwater infamy is now coming to town, which can only mean more pain, suffering and servitude for Africa.
From the South China Morning Post:
Shares of DVN Holdings, controlled by Hong Kong businessman Johnson Ko Chun-shun and state-owned Citic Group, surged 7.3 per cent after it appointed Erik Prince – former owner of controversial US security firm Blackwater – as chairman, and granted him more share options.
This is in addition to five-year options granted to him that allowed him to buy 205.1 million shares at 73 HK cents each in late November, as part-payment for a start-up East African aviation and logistics firm injected by Prince into DVN. The two options mean he could own about 23 per cent of DVN.
Prince last November sold to DVN a company that plans to build a pan-Africa provider of aviation, logistics, risk management, security services and exploration support services, needed by many Chinese businesses active in Africa. He received US$3 million plus the first batch of options.
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