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Author Topic: China investments in Africa  (Read 1907 times)

Offline gout

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China investments in Africa
« on: September 20, 2015, 02:06:13 PM »
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EARLIER this year, Chinese state news agency Xinhua published that the country has so far in Africa completed some 1,046 projects, built railways to a total of 2,233 kilometres, and laid 3,350 km of highways.

According to the largest public database of Chinese development finance in Africa, researchers claim that there are currently 3,030 active projects in Africa. China is clearly racing to deliver on commitments made in 2012, when then-president Hu Jintao offered $20 billion in loans to African countries, doubling its previous pledge.

http://mgafrica.com/article/2015-09-18-multi-billion-dollar-deals-chinas-27-biggest-active-projects-in-africa#.Vf2uGbW3wTw.facebook

Government, even in its best state, is but a necessary evil; in its worst state, an intolerable one ~ Thomas Paine

Offline RV Pundit

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Re: China investments in Africa
« Reply #1 on: September 21, 2015, 08:09:44 AM »
Indeed. What China has done the last decade in Africa is impressive. And we should be thankful.
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