info.afrindex.com
China-Africa Trade Information Service
Photo: Gate of Heavenly Peace, Beijing, China. by Wikimedia
Africa was once colonized by the European countries for a long time, which perhaps can explain why it was dominated by Western investors for the past 20 years.Nowadays, however,many Asian countries, led by china, have gained access into this continent and are thriving.
According to the statistics of the World Bank, the private sector had registered 923 projects in Africa, representing 55 percent of all Chinese outbound foreign direct investment (OFDI) projects on the continent by the end of 2011.