Gauging the future of Chinese investment


Source: southerntimesafrica.com southerntimesafrica.com

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Ovigwe Eguegu Last week, the Beijing-based China-Africa Business Council (CABC) released a report detailing the size, pattern, and future trends of Chinese companies’ investment in Africa. The report was published in order to influence the outcomes of the upcoming 8th Forum on China Africa Cooperation (FOCAC) in Dakar, the date for which is still to be announced. The CABC report reveals that despite the COVID-19 pandemic, China has become Africa’s fifth most important bilateral investor, and based on current trends China could be the top investor by 2024. That assessment and prediction are noteworthy. China has been Africa’s biggest bilateral...