Chinese support to African Infrastructure
14 July 2008
China, India, and a few Middle Eastern Gulf nations are financing a record number of infrastructure projects across Sub-Saharan Africa, says a new World Bank Report.
Investment commitments in Africa by these emerging financiers jumped from less than $1 billion per year before 2004 to around $8 billion in 2006 and $5 billion in 2007, signalling a growing trend in cooperation among developing economies (South-South cooperation).
Building Bridges: China’s Growing Role as Infrastructure Financier for Sub-Saharan Africa shows how new infrastructure partnerships are emerging, driven by strong economic growth in the region, an improved business-friendly climate, and rising demand for petroleum and other commodities from China and India.
Download the full report here - [Englsih - PDF 2.4MB]
Categories: General News