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The closest look yet at Chinese economic engagement in Africa McKinsey


created: 2023-01-04T19:00:47 (UTC -05:00)
tags: []
source: https://www.fpri.org/article/2022/01/chinese-economic-engagement-in-africa/
author: Carla D. Jones


Chinese Economic Engagement in Africa: Implications for U.S. Policy - Foreign Policy Research Institute

Excerpt

China may have missed the European Scramble for Africa that characterized the turn of the last century, but it has been making up for this since the 1950s.


The largest companies by value are State-owned enterprises that dominate in energy, transportation, and resource sectors. Indeed, since 2010, a third of Africa’s power grid and infrastructure has been financed and constructed by Chinese state-owned companies.

The hope of a pan-African-owned and controlled electric car project is buried for generations to come | MR Online

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