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whilst it is easy to use the exit of some multinational corporations from Africa as a stick on the back of our politicians and political leaders, it is equally important to reflect on the nature and type of multinational corporations exiting Africa at this point. Are they genuinely committed to Africa? Are they fair-weather friends? Are they in Africa just for their interests? The exit of some multinational corporations from Africa in recent times has continued to make exciting headlines. In most cases, it is seen as a bad omen.
Some take advantage of the negative narrative and fashion out of them big sticks to clumber their politicians and political leaders. However, it is not necessarily bad that some multinational corporations are exiting Africa, and I will tell you why. Please be patient while I walk you through my argument.
I have paid close attention to the role of multinational corporations in Africa, especially from the responsible and sustainable business perspective, for over two decades. These corporations come in various shades, and their relationships with Africa vary. Some are exploitative and parasitic, while others are symbiotic or mutualistic.
The exploitative multinational corporations see Africa purely as a market for grab and run. They are usually footloose and thrive on the placelessness created by globalisation. As such, they are not committed to any place.
The only commitment is to profit, and they move or relocate at the slightest push, unless they .