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If you want to prosper, consider building roads-China’s role in African infrastructure and capital projects
Hannah Edinger, Jean-Pierre Labuschagne 2019.04.29
There are concerns about China’s interests in Africa, with criticisms often ranging from China’s self-interest to the nature of the financing relationship and increasing indebtedness of African economies. But abundant Chinese funds at a time when African countries are looking for alternative sources of development finance, and the global appetite and capacity of Chinese construction firms, could be a win-win combination for China and Africa.
In addition, the Belt and Road Initiative, benefiting from Chinese firms’ access to preferential financing for overseas investments and exports, is making African economies more connected to one another and to the outside world, boosting economic diversification and growth. This is likely to strengthen China’s activity in Africa’s I&CP sector.
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