Category: Investment
Billions of New FDI Flowing Into West Africa. Where’s the Chinese Money Going?
$1.46 billion of new foreign direct investment made its way to Nigeria in the third quarter of 2020, according to new data from the National Bureau of Statistics, but very little is coming from China. In fact, China (ex Hong Kong) wasn't among the list ...
How U.S.-Africa Policy Is Adapting To Competition With China
Recently, the Atlantic Council’s Africa Center and the Policy Center for the New South launched a pair of reports on external power competition in Africa, with one focused on traditional powers and the other on emerging powers in the region. One ...
Report: Chinese FDI Trends in the COVID-19 Era Raise Implications for BRI Partner Countries
The London-based think tank Overseas Development Institute published its first Economic Pulse report detailing Chinese overseas investment patterns during the pandemic and what the implications are for countries along the Belt and Road. The report contains a mix of ...
Conflict in Ethiopia Adds to Uncertainty Over the Stability of Chinese Investments in the Country
Veteran China journalist Mark K. Magsted's documentary podcast series "On China's Silk Road" featured an in-depth analysis in its latest episode, posted on Friday, about Chinese investments in Ethiopia and the new risks presented by the conflict in the Tigray region: ...
Africa and the China-Less Recovery
African policymakers will soon look back at the past ten years - the pre-COVID-era - with rosy nostalgia. How wonderful it was to sit under the Chinese tree and watch the fruits of loans, trade, and investment all fall with abundance. ...
Many Kenyans Surprised and Somewhat Perturbed That the Chinese Contractor Building the Nairobi Expressway is Going to Make a LOT of Money
The China Road and Bridge Corporation (CRBC), a Chinese state-owned construction company, is forecast to earn almost a billion dollars in profits over the 27 years that it will operate the new Nairobi Expressway that's now under construction. Details of the ...
A Pair of Chinese Provinces Move to Boost Ties With Kenya, Rwanda
One of the big misperceptions about China's economic engagement in Africa is that the central government in Beijing and its state-owned enterprises are the only Chinese actors on the continent. A pair of announcements this week highlight the large and growing role that Chinese provinces play in ...
How’s the Belt & Road Doing During the Pandemic? Well, the Answer Depends on Who You Ask
There are conflicting assessments of the health of China's Belt and Road Initiative and how it's fared during the past 7-8 months amid the ongoing COVID-19 pandemic. A new report from the London-based analytics and consulting firm ...
Report: Number of Chinese Workers in Africa Has Steadily Fallen Since 2015
Reduced Chinese lending activity in Africa has prompted a steady exodus of Chinese laborers from the continent over the past five years, according to a new report published by the Beijing-based consultancy Development Reimagined and The Oxford China International Consultancy.
The Head of One of China’s Major Foreign Policy Think Tanks Proposes 4 Ways to Revive Slumping China-Africa Trade
Two-way China-Africa trade dropped by almost 20% to just $82 billion in the first half of the year due to lockdowns brought on by the COVID-19 outbreak. With China's economy recovering well, it's possible that some of those losses will be made up in Q3 ...
Africa’s Richest Man, Alika Dangote, Shares His Perspective on the Impact of China’s Presence in Africa
Chinese businesses are coming to Africa for "what they need" and are not challenging local enterprises in Nigeria and Africa more broadly, according to the founder and president of the Dangote Group, Alika Dangote, in an interview with the Nigerian business TV program "Moneyline ...
China’s Doing More But Spending Less in Africa
China is engaged in more Belt and Road-related projects in Africa but spending far less than it is in the Middle East and South Asia, according to new data from the Washington, D.C.-based consultancy RWR Advisory. In its latest IntelTrak report ...