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China's Finance in Africa Evelyn F. Wamboye (Pennsylvania State University)

China's Finance in Africa By Evelyn F. Wamboye (Pennsylvania State University)

China's Finance in Africa by Evelyn F. Wamboye (Pennsylvania State University)


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Summary

This Element provides a detailed analysis of official finances from China to Africa with special attention to the question of Africa's foreign finances policy. The findings reveal that Africa has an infrastructure gap and Chinese finances are largely used to fund infrastructure projects.

China's Finance in Africa Summary

China's Finance in Africa: What and How Much? by Evelyn F. Wamboye (Pennsylvania State University)

This Element provides a detailed analysis of official finances from China to Africa with special attention to the question of Africa's foreign finances policy. The findings reveal that Africa has an infrastructure gap and Chinese finances are largely used to fund infrastructure projects. However, the majority of the funds are loans, which are mortgaged on Africa's natural resources. In addition, Chinese firms are the ones implementing the projects, and much of the raw material and labor is imported from China. All these calls for Africa to institute a coherent foreign finances policy that ensures African countries fully benefit from these finances.

Table of Contents

1. Introduction: Africa in the 21st Century - Changing Perceptions and Landscape; 2. Literature Review - China's Engagement in Africa; 3. Case Study - Tanzania; 4. Conclusion and Recommendations.

Additional information

NLS9781108789790
9781108789790
110878979X
China's Finance in Africa: What and How Much? by Evelyn F. Wamboye (Pennsylvania State University)
New
Paperback
Cambridge University Press
2021-03-04
75
N/A
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