Reported 4 months ago
China's economic cooperation program in Africa is rebounding post-COVID, with a focus on minerals. Despite increased Chinese investment in Africa last year, the relationship remains largely extractive, with a heavy emphasis on minerals essential for global energy transition. Chinese sovereign lending to Africa is at a two-decade low, while public-private partnerships have yet to gain traction. Chinese engagement in Africa is growing, with investments hitting nearly $11 billion in 2023, mostly in the mining sector. However, challenges remain for African nations to diversify their exports and add value to their raw materials for sustainable development.
Source: YAHOO