
18 Oct 2011 abndigital.com Originally uploaded by abndigital.com Background: With increasing penetration of China in African markets is spearheaded by the major Chinese state owned companies who have access to long-term financial support from the Chinese government. This is an opportunity for African countries to address the backlog of infrastructure investments that has long kept Africa under developed and disadvantaged. Presenter -- Professor Chege, anectodally, when I was in Nairobi there were roads being refurbished there were bridges being built, and I was told this was all due to the Chinese. So there is definitely benefit on the part of the Kenya-China relationship. What more is Kenya gaining? Chege -- That is wrong! Though Chinese construction companies that's true, but the money is mostly coming from the Kenyan government, the African development bank, the World Bank. The Chinese construction companies here are winning hands down when it comes to tendering. This is what you're observing there. In addition to that, the presence of large Chinese construction companies is of course the entry into investment into the private sector. But most important of all Trade. Presenter -- So we're partnering with the Chinese on infrastructure development but we haven't ransomed the country. That's what many people raise when they're dealing with China's investment strategy in Africa...commodities for infrastructure, commodities for loans? Chege -- I would say the way it is <b>...</b>
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