Description

Book Synopsis
This Element provides a detailed analysis of official finances from China to Africa with special attention to the question of Africa''s foreign finances policy. The findings reveal that Africa has an infrastructure gap and Chinese finances are largely used to fund infrastructure projects. However, the majority of the funds are loans, which are mortgaged on Africa''s natural resources. In addition, Chinese firms are the ones implementing the projects, and much of the raw material and labor is imported from China. All these calls for Africa to institute a coherent foreign finances policy that ensures African countries fully benefit from these finances.

Table of Contents
1. Introduction: Africa in the 21st Century – Changing Perceptions and Landscape; 2. Literature Review – China's Engagement in Africa; 3. Case Study – Tanzania; 4. Conclusion and Recommendations.

Chinas Finance in Africa

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    A Paperback by Evelyn F. Wamboye

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      Publisher: Cambridge University Press
      Publication Date: Publication Date: 3/4/2021 12:00:00 AM
      ISBN13: 9781108789790, 978-1108789790
      ISBN10: 110878979X

      Description

      Book Synopsis
      This Element provides a detailed analysis of official finances from China to Africa with special attention to the question of Africa''s foreign finances policy. The findings reveal that Africa has an infrastructure gap and Chinese finances are largely used to fund infrastructure projects. However, the majority of the funds are loans, which are mortgaged on Africa''s natural resources. In addition, Chinese firms are the ones implementing the projects, and much of the raw material and labor is imported from China. All these calls for Africa to institute a coherent foreign finances policy that ensures African countries fully benefit from these finances.

      Table of Contents
      1. Introduction: Africa in the 21st Century – Changing Perceptions and Landscape; 2. Literature Review – China's Engagement in Africa; 3. Case Study – Tanzania; 4. Conclusion and Recommendations.

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