Beyond Blackwater: Prince looks to resources in Africa


Erik Prince testifies before the House Oversight and Government Reform Committee on security contracting in Iraq and Afghanistan on Capitol Hill in Washington October 2, 2007. REUTERS/Larry Downing

LONDON (Reuters) - After running one of the world's biggest and most controversial private military groups, Blackwater founder Erik Prince is starting a new venture providing logistics for oil and mining companies in remote and dangerous parts of Africa.

China is increasingly looking to Africa to meet its ever growing demand for natural resources. Trade between the two reached an estimated $200 billion (121 billion pounds) this year. With 85 percent of Chinese imports from the continent being oil or minerals, Prince sees an opportunity.

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