China has been forging closer ties with Africa, a relationship that some see as burdened with debt, while others praise it as increasing Africa's...
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China has been forging closer ties with Africa, a relationship that some see as burdened with debt, while others praise it as increasing Africa's strategic importance globally. This week's China-Africa Cooperation Forum in Beijing brings benefits for both Africa and China, officials and experts on African affairs say. Former Ugandan diplomat Simon Mulongo said countries such as Ethiopia, Djibouti and Kenya have received huge amounts of investment from Beijing. And China has been pushing hard to forge partnerships to secure reliable sources of raw materials, as well as forging alliances to gain geopolitical influence and counterbalance Western powers. “What benefits Africa are basically four things. First, infrastructure development where China has invested heavily in African infrastructure, building roads, railways, ports and other important facilities,” Mulongo said. “The second is economic growth. Chinese investment has actually created jobs, and stimulated economic activity in various sectors, including manufacturing, mining, and agriculture. The third is financial assistance and loans where China often offers financial assistance with fewer conditions than Western countries. And the fourth is the trade opportunities that Africa benefits from through access to the Chinese market which can increase export earnings especially raw materials and agricultural products.” Mulongo, who is the …
China has been forging closer ties with Africa, a relationship that some see as burdened with debt, while others praise it as increasing Africa's...
In a significant announcement that could reshape economic dynamics on the African continent, China has pledged a staggering $51 billion in financial...
In a significant announcement that could reshape economic dynamics on the African continent, China has pledged a staggering $51 billion in financial...
The Forum on China-Africa Cooperation, held in Beijing, was the grandest summit in China during the past few years, with 53 African Heads of State...
China kicked off a major African summit in Beijing on Wednesday as it seeks to strengthen diplomatic and economic ties with countries across the...
Mogadishu (HOL) — Chinese President Xi Jinping has pledged $51 billion in new financial support for African countries over the next three years,...
Mogadishu (HOL) — Chinese President Xi Jinping has pledged $51 billion in new financial support for African countries over the next three years,...
China's strategic muscle-flexing is not limited to its expansive maritime claims and vigorous infrastructure exports; Chinese entities has also been...
China's strategic muscle-flexing is not limited to its expansive maritime claims and vigorous infrastructure exports; Chinese entities has also been...
The Beijing Summit and Ninth Ministerial Conference of the Forum on China-Africa Cooperation (FOCAC), held from September 4 to 6, 2024, marked a new...