When TNI BioTech recently signed an agreement to open an Oncology & Infectious Disease Clinic at Queen Elizabeth Central Hospital in Malawi, in southwestern Africa, it reflected an ongoing change in the attitude of the industrialized world toward Africa. Once largely ignored because of its troubled political history and lack of infrastructure and technology, Africa is suddenly rising on the world’s economic radar. The second largest land mass on the globe, with the second largest population of any continent, Africa has been seeing rapid economic growth, and has been compared to Asia in its potential.
In a Seeking Alpha article, “The Case For Investing In Africa”, Peter Thoms points out that Africa’s recent economic growth is just one of the reasons that investors should take a long look at the continent, and cites a number of other attractive factors:
• Africa’s immense natural wealth
• Africa’s youthful demographics
• Africa’s growing embrace of technology
• Africa’s developing integration with the global economy
Africa is made up of many diverse countries, each with its own challenges, but challenges that, for the above reasons, are now being viewed as early-game opportunities.
In the case of TNI BioTech’s agreement with Malawi to open a clinic, the new clinic will not only be important to the people of Malawi, through greatly improved cancer treatment, but will also allow TNIB, in conjunction with GB Oncology & Imaging Group, to study the interaction between infections and cancer by promoting cutting-edge research aimed at pathophysiology, prevention, diagnosis, and treatment of infection-related cancers in Africa. In particular, it is believed that IRT-103, TNIB’s active immunotherapy that works by activating a patient’s immune system against HIV/AIDS and tumor cells, can be demonstrated to be capable of saving millions of lives.
In short, as Africa rises, so can the companies and individuals with the foresight to invest early in this massive and rich part of the world that is no longer being called the dark continent.
For additional information, visit www.TNIBiotech.com
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