Equatorial Guinea Takes on New Life
Harry C. Aflord | , Guest Columnist | 9/6/2012, 3:15 p.m.
The nine of us from the National Black Chamber of Commerce broke away from the formal agenda and started to network with government ministers who directed us to some of their successful entrepreneurs. This was a treasure trove of opportunities. They want African American businesses to come and joint venture with their businesses. The government controls many of the contracts and they are determined to build their businesses via these joint ventures. They will tell any prime vendor or contractor that a large portion of any project will include local Black businesses and, if needed, a partnering African American firm. One minister told us, "All proposals will be seriously considered." As I write this, chamber members have one executed contract and four others are in the developing stage.
In essence, what we saw was a democratic nation with a populace that smiles and exudes happiness and optimism. There is definitely free enterprise and the natural resources - oil, natural gas, gold, diamonds, rich farmland, lumber and a great fishing industry, all ensuring a robust economy and a well-funded government.
At our upcoming international entrepreneurial conference, www.panafricanec.org, in Houston (November 15-18), we will be analyzing and discussing the "Equatorial Guinea Model." This process should be emulated throughout the African Diaspora.
Harry Alford is the co-founder, president/CEO of the National Black Chamber of Commerce. Website: www.nationalbcc.org. Email: email@example.com.