Afpedia Products For Sellers For Buyers Trade Shows Industrial Cluster

Online Translation

Sign In

Join Now



China transformational partner for African development: Kenyan expert

MOMBASA, Kenya, Aug. 11 (Xinhua) -- China has been a transformational partner from the standpoint of Africa's development, a Kenyan expert said on Thursday.

Prof. Lemma Senbet, executive director of African Economic Research Consortium, said China is playing a vital role in mitigating the resource curse in Africa by helping transform the natural resource comparative advantage into an advantage for sustained development.

"China has emerged as Africa's largest trading partner, but China's engagement with Africa is not just limited to minerals and oil. It is multifaceted and multilayered," said Senbet here during the China-Africa Media & Think-Tanks Symposium Gala Dinner.

Senbet noted that China has been a key source of investment in Africa, especially in infrastructure, such as dams, roads, airports and railway.

China is also a key source of long-term finance, said the expert, adding that the lion's share of long-term financing for the Mombasa-Nairobi project was provided by China in the form of concessionary loans.

"No doubt the China-Africa economic cooperation is at the center of transportation and infrastructure development," Senbet said.

Senbet added that to move forward, the cooperation should venture more into areas of industrialization and value chains, design of innovative finance scheme and soft infrastructure -- capacity building, skills development, legal systems.

He stressed that for sustainability, it is important that China and Africa also foster relationship in other spheres apart from that fostered by government actors.

"That is why I believe this Africa-China think tank partnership is important. It provides an opportunity to foster relationships among the grassroots," added Senbet. Enditem

As an authority of media industry, we can provide you integrated brand communication on your products! Reasonable advertising prices will let you enjoy great over-valued service!”
Customized Service
Customized information such as product prices, company trends, market forecasts, price curves, etc. will help you fully grasp the latest trend!
Tailor-made, in-depth, professional research reports which will explore the business opportunities is your effective decision-making reference!
Professional and accurate trade data will help you break through the export bottleneck of products, track peer dynamics, and grasp industry trends!

Buyers Suppliers

Hot Search