Africa & China: More FDI Needed to Boost Exchange

Abstract

China is Africa’s first trade partner but ranks behind the United States, European countries and India when it comes to Foreign Direct Investment (FDI) in Africa, said ECA Executive Secretary Carlos Lopes Thursday 26 November in Marrakesh (Morocco) at the 2015 Sino-African Entrepreneurs Summit. A key speaker at the Summit, Mr Lopes stressed the unique opportunities Africa can benefit from: Africa is going through a quick structural transformation due to major trends such as demography or urbanization. These changes will speed up its industrialization while Africa’s late move towards it is allowing to avoid technological models climate change has made inadequate. Africa will therefore be able to adapt much more quickly to technological revolutions.