The extent of China’s investments in Africa are much larger than previously thought. It has backed nearly 1700 projects on the continent since 2000 amounting to $75bn on aid and development projects. An insightful analysis from’The Guardian’ has catalogued these projects and infers that not only is this a battle for natural resources but political clout as well. The projects include agriculture, education, health, energy, mining, transportation and a range of others.
Read ‘The Guardian’ article here: ‘China commits billions in aid to Africa as part of charm offensive’
These investments can be a force for good. Besides they have created a new agenda for Africa. A counterbalancing force to western interests. However it is incumbent on the country leadership to ensure that the deals are equitable, the benefits are clear and that local companies and people benefit from the trade created and just as importantly, the jobs.