Wal-Mart: the New Predator on the African Continent

With reading WS Journal article, I was surprised that the author described Africa as a large source of potential growth. It could be my own ignorance to a middle class on the continent, but I'm taken aback by the amount of risk Wal-Mart is able to impart in Africa. I do, however understand the total wealth that comes from some resource rich countries such as Nigeria, Tanzania, Botswana or South Africa.

But who is supposed to be shopping at the new mega-retailers? Most of the wealth is trickled out the country through energy giants, such as Shell in Nigeria, who for decades never gave back jobs to local Nigerian who live in abject poverty.

-Colin

http://online.wsj.com/article/SB10001424052748704654004575518340229099562.html
"Wal-Mart Roars into Africa"

http://online.wsj.com/article/SB10001424052748703694204575518310750642140.html
"Wal-Mart Africa Trip Takes Well-Trod Path"