China is now the largest investor in Africa, writes Johan Hanekom, an expert on strategy, innovation and growth. However, Hanekom points to the fact African nationals own 90% of the firms receiving investment. For the China-Africa partnership to thrive, and prevent economic colonisation, corruption and violence must be tackled, language and cultural barriers addressed, and better wealth distribution sought. He urged Chinese countries receiving aid from China to develop political and economic structures and strategies that ensure broad-based economic empowerment, which will in turn promote political development and better international trade relations, he said.
China is now the largest investor in Africa, writes Johan Hanekom, an expert on strategy, innovation and growth. However, Hanekom points to the fact Chinese nationals own 90% of the firms receiving investment. For the China-Africa partnership to thrive, and prevent economic colonisation, corruption and violence must be tackled, language and cultural barriers addressed, and better wealth distribution sought. He urged African countries receiving aid from China to develop political and economic structures and strategies that ensure broad-based economic empowerment, which will in turn promote political development and better international trade relations, he said.