Category: Investment
Chinese Company Bids to Buy One of East Africa’s Largest Cement Companies
Chinese building materials manufacturer Huaxin Cement Company is bidding to buy ARM Cement’s Tanzania subsidiary, Maweni Limestone Ltd., for $116 million, according to a report in Construction Kenya. The deal, still subject to regulatory approval, highlights a key trend ...
Russia and China Are Motivated by Totally Different Incentives in Africa
Russia is stepping up its engagement in Africa with a new focus on trade. Although Russia does considerably less trade with Africa than China, less than a tenth the volume, in fact, it nonetheless remains an important actor on the continent. Although Russia and China are often ...
Insecurity and Bribe Demands Plague Chinese Businesses in Angola
Amid one of the most serious economic crises of its history, Angola’s government is looking at every major economy for investors. Being Angola’s major creditor for over a decade, China is, naturally, one of the main targets. But Chinese investment is being plagued locally, not only by ...
Rwanda Attracting More Chinese & HK Apparel Investment
It's interesting how two African land-locked countries are emerging as the continent's leading destination for Asian apparel makers looking to offshore, or "delocalize" their China manufacturing operations. Both Ethiopia and Rwanda are emerging as the leaders in this sector despite the fact that transportation logistics in each ...
Japan Summit Provides Wake-up Call for China to Change Its Approach in Africa
An editorial today in one of South Africa's leading financial news publications, Business Daily, enthusiastically welcomed the outcome of last week's Japan-Africa summit in Yokohama. The summit, known as TICAD7, focused a lot of attention on directing Japan's vast private ...
Why Using a Zero-Sum Analysis to Compare Japan and China in Africa “doesn’t work”
With the Tokyo International Conference on African Development or TICAD, summit coming up this week in Yokohama, there is often a temptation to compare Tokyo's engagement strategy in Africa with that of Beijing's. Furthermore, there are often references to how the Sino-Japanese rivalry in Asia also tends ...
China's Economy is Slowing and That's Really Bad News for Africa
Pretty much every major economic indicator suggests that the Chinese economy will continue its downward momentum in 2019. Industrial production, retail sales, and even the once red-hot property market are all showing real signs of weakness. Some economists even believe ...
Africa’s Expensive, High Stakes Gamble to Lure Chinese Manufacturers
Newly-built industrial parks are popping up across Africa as part of a new effort to pick up some of the estimated 85 million jobs that China is expected to shed as it offshores more ...
The Hollow Rules Governing China-Africa Investment
Even though China is one of Africa's largest investors, ranked seventh overall according to Ernst & Young, there are surprisingly few rules that govern private-sector investments between these two regions. These rules are established through bilateral investment treaties, or BITs, where ...
How Rwanda Attracts Chinese Money and Migrants Without the Lure of Natural Resources
It is a widely-held perception that Chinese investment in Africa is guided by a strategic foreign policy agenda focused on securing vast amount of natural resources. This narrative fits nicely with an outdated Western ...
The Honeymoon Between China and Africa Is Over and That's a Good Thing
It wasn't that long ago when it was all smiles between the Chinese and Africans. Remember? The headlines were all about "win-win" development, China's role in helping Africa to rise above its colonial past and investment, ...
Industrialization in Africa: Ethiopia Wants to Become the New 'Made in China'
There's a pretty good chance that some of the clothes you're wearing, the shoes on your feet and even the device you're using to read this were made in China. Even as its economy slows, China remains the world's factory, churning out billions of ...