The Australian government is rapidly increasing aid to Africa. But the real story about the country's engagement in Africa is the massive investment by Australian companies in extractive industries.
More than 150 Australian resource companies are active in more than 40 African countries with a total investment greater than $20 billion, including in coal in Mozambique, copper and uranium in Zambia, gold in Eritrea and uranium in Malawi.
Lisa E. Sachs, Joel Negin & Glenn Denning,
Wider Role for Our Miners in Africa,
The Australian Financial Review, August 31, 2011
Available at: https://scholarship.law.columbia.edu/sustainable_investment_staffpubs/166