Chinese and US companies meet on Africa policy

According to a press release,

the Leon H. Sullivan Foundation announced that it is partnering with the Council on Foreign Relations, the Brenthurst Foundation of South Africa and the Chinese Academy of Social Sciences and organizing a conference to discuss how companies can contribute to economic and social development in Africa.

The meeting, which will take place in Monrovia, Liberia. on February 24-25, will include representatives from Chevron Corporation, the CocaCola Companies, Marathon Oil, DeBeers
Debswana (Pty) Ltd., Fina Bank, Rwanda, the China
Export-Import Bank, the China-Africa Development
Fund and the China Henan International Cooperation Group (CHICO).

The goal of the dialogue is to engage corporate leaders and analysts from Africa, China and the U.S. on lessons learned in corporate social responsibility and the best strategies to pursue accelerated economic development.

President Ellen Johnson-Sirleaf will address the conference.  Liberia is the first African nation to be validated by the Extractive Industry Transparency Initiative.

One prominent African acedemic who writes on China-Africa issues reacted sharply to this news in private correspondence, rejecting the idea that Africa needs to be discussed as a patient by two doctors and expressing fears that corporations from both countries might wish to agree to avoid undercutting each other, with Africa getting a worse deal as a result.

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