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Is China taking over Africa? Trade and investment at an all-time high

Is China taking over Africa? Trade and investment at an all-time high

11 Jan 2022
The upcoming Senegal summit is a follow-up to the 2015 inaugural edition during which the “Feed Africa” strategy for Agricultural Transformation (2016-2025) in Africa was proposed. Photo: Supplied/FoodForAfrika.com

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    The upcoming Senegal summit is a follow-up to the 2015 inaugural edition during which the “Feed Africa” strategy for Agricultural Transformation (2016-2025) in Africa was proposed. Photo: Supplied/FoodForAfrika.com

    Food production summit to open in Senegal

    Tomato losses: Solar-powered cold storage technology is of prime significance in Africa’s efforts to cut post-harvest tomato losses and attain food security, as outlined in the African Union Malabo Declaration. Photo: Supplied/FoodForAfrika.com

    Tanzania’s tomato harvest goes to waste

    Contextually, an average cow yields about 10 kilograms of dung per day, which corresponds to 1 000 litre biogas, equivalent to 2.14 kWh (electricity) while 1 000 litres of biomethane equals 10 kWh. Photo: Supplied/FoodForAfrika.com

    Biogas: ‘Cow dung can keep the lights on in SA’

    The Maputo Port is one of a number of harbours on the continent undergoing a changes to ready it for expansion. Photo: Wikicommons Media/Supplied

    ‘Ports race’ in Africa cuts both ways

    Mohamed Dhicis (19) started a beekeeping business in his hometown of Belet Weyne, in central Somalia. He is supported by an entrepreneurship develop programme of the United Nations Industrial Development Organization (UNIDO) in collaboration with the Somali Ministry of Commerce and Industries. Photo: Supplied/United Nations

    Bees and tractors: Agri leads the way in Somalia

    “EOS_SAT-1 is already fueled, configured for launch and integrated onto the upper stage of the rocket, waiting for the last remaining thing ¬– launch.” This notice and picture was posted on the Twitter page of aerospace start-up Dragonfly Aerospace. Photo: Twitter

    African agri satellite a world first

    Women attend a UNFPA-supported integrated community health outreach session on prevention and response to gender-based violence. Lokapararai village, Turkana county, Kenya. Photo: Supplied/UNFPA Kenya

    Drought puts Kenyan newborns at risk

    Child labour has increased exponentially over the course of the past four years, according to UNICEF and ILO. Photo: Wikkimedia Commons

    ‘Children exploited’ on Malawi tobacco farms

    5 ways tech is transforming agrifood systems

    5 ways tech is transforming agrifood systems

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    The upcoming Senegal summit is a follow-up to the 2015 inaugural edition during which the “Feed Africa” strategy for Agricultural Transformation (2016-2025) in Africa was proposed. Photo: Supplied/FoodForAfrika.com

    Food production summit to open in Senegal

    Tomato losses: Solar-powered cold storage technology is of prime significance in Africa’s efforts to cut post-harvest tomato losses and attain food security, as outlined in the African Union Malabo Declaration. Photo: Supplied/FoodForAfrika.com

    Tanzania’s tomato harvest goes to waste

    Contextually, an average cow yields about 10 kilograms of dung per day, which corresponds to 1 000 litre biogas, equivalent to 2.14 kWh (electricity) while 1 000 litres of biomethane equals 10 kWh. Photo: Supplied/FoodForAfrika.com

    Biogas: ‘Cow dung can keep the lights on in SA’

    The Maputo Port is one of a number of harbours on the continent undergoing a changes to ready it for expansion. Photo: Wikicommons Media/Supplied

    ‘Ports race’ in Africa cuts both ways

    Mohamed Dhicis (19) started a beekeeping business in his hometown of Belet Weyne, in central Somalia. He is supported by an entrepreneurship develop programme of the United Nations Industrial Development Organization (UNIDO) in collaboration with the Somali Ministry of Commerce and Industries. Photo: Supplied/United Nations

    Bees and tractors: Agri leads the way in Somalia

    “EOS_SAT-1 is already fueled, configured for launch and integrated onto the upper stage of the rocket, waiting for the last remaining thing ¬– launch.” This notice and picture was posted on the Twitter page of aerospace start-up Dragonfly Aerospace. Photo: Twitter

    African agri satellite a world first

    Women attend a UNFPA-supported integrated community health outreach session on prevention and response to gender-based violence. Lokapararai village, Turkana county, Kenya. Photo: Supplied/UNFPA Kenya

    Drought puts Kenyan newborns at risk

    Child labour has increased exponentially over the course of the past four years, according to UNICEF and ILO. Photo: Wikkimedia Commons

    ‘Children exploited’ on Malawi tobacco farms

    5 ways tech is transforming agrifood systems

    5 ways tech is transforming agrifood systems

  • Changemakers
    • All
    • Agribusiness
    • Agripreneurs
    • Farmers
    • Innovation
    Namibia's Popular Democratic Movement party has tabled a motion of insurance for farmers, that will compensate for the loss of livestock due to conflict with wildlife. Photo: Supplied/Food For Mzansi

    Computer model to ease farmer-wildlife conflict

    It started with a handful of trees on her family farm. Today Wezi Mzumara is breaking new ground as a woman chocolate maker in Malawi. Photo: Supplied/FoodForAfrika.com

    Meet Malawian chocolate maker Wezi Mzumara

    Nature-based biopesticides are now offering a safer alternative to locust control. ©FAO/Ismail Taxta/Arete

    Locusts: How Somalia became biopesticides leader

    The award-winning Nigerian farmer Samson Ogbole, who did not initially want to be a farmer, incorporates technology, science and agriculture to end hunger.

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    What started as an informal Facebook group has become a vibrant online market community in East Africa called Mkulima Young.

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    Greenify Global, a youth environmental conservation movement, works in schools in Zomba, Malawi, teaching children and creating food gardens according to permaculture principles. Photo: Supplied/FoodForAfrika.com

    Malawi permaculture project teaches earth care

    Woman Farmer Kerotse Lekabe (middle) with her workers in Pella, North West, where she farms with vegetables on six hectares of land. Photo- Supplied/FoodForAfrika.com

    Woman farmer’s drive builds family business

    Support to improve women land ownership delivers life-changing benefits for women farmers in Tanzania, like Mariam Tungu, from Singida’s Ikungi district in central Tanzania. Photo: Supplied/FoodForAfrika.com

    Women land ownership changes destinies

    Planting his first crops was like throwing dice for Lesotho small-scale farmer Leutsoa Khobotlo. He felt like he won that game of chance. Photo: Supplied/FoodForAfrika.com

    Luck and dedication lifts Lesotho farmer

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    • All
    • Climate Change
    • Crops
    • Food Trends
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    Climate change ‘a daily reality’ for Africans

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    With heavier and unpredictable rainfall and tides encroaching on coastal cities, the risk of flooding is becoming more prevalent. Through an FAO project, local communities in Quelimane, Mozambique have restored 1.6 hectares of mangroves to prevent flooding and soil erosion. Photo: Supplied/Mani Tese/Leonel Raimo

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    Perennial rice being harvested near Lake Victoria in Uganda. Photo: Supplied/FoodForAfrika.com

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    The global FoodTech Challenge is looking to reward 4 agritech or foodtech companies working to address food security challenges. Photo: Supplied/FoodForAfrika.com

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    Insect-rearing requires minimal access to land and feed, providing income and livelihood opportunities for many in rural and urban communities. Left/top: Photo: FAO/Giulio Napolitano

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    Hunger and malnutrition in the Lake Chad Basin have reached alarming levels this year, driven by Boko Haram terrorism and the effects of climate change.

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  • Lifestyle
    • All
    • Food Health
    • Trends
    A picture featuring George Chiwedzerero, who left Zimbabwe for South Africa and was not heard from for two decades.

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    Herbal remedies are commonplace in Uganda; testing these scientifically is a good way to ensure they’re safe and effective. Photo: Supplied/FoodForAfrika.com

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Is China taking over Africa? Trade and investment at an all-time high

by Lucinda Dordley
11 Jan 2022
in Agri News
Reading Time: 6 mins read
A A
Is China taking over Africa? Trade and investment at an all-time high

Chinese foreign minister Wang Yi spent a lot of time in Africa in the beginning of the year investing in, among others, agriculture. Photo: Supplied/FoodForAfrika.com

Chinese foreign minister Wang Yi visited several African countries in the first days of January 2022. He spent time in Comoros, Kenya and Eritrea between 4 and 9 January. The purpose of his visits were to solidify the relations of trade and investment between China and Africa.

The trip marked the 32nd year of a tradition in which the Chinese foreign minister’s first journey abroad in the new year is usually to Africa. It came just less than five weeks after Wang’s previous visit to the continent, during which he chaired the Forum on China-Africa Cooperation conference in Senegal and also stopped in Ethiopia.

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Their first objective is to work with Africa to defeat the pandemic, Yi explained.

“The world is facing a new round of impact of the Omicron strain. As a friend of Africa, China will never sit by. President Xi Jinping has announced that China will provide another 1 billion doses of vaccines to Africa, and this largest-scale assistance plan to Africa is in progress.

“Batches of vaccines are being transported across mountains and seas and delivered to every corner of Africa where there is in need. We have announced an additional 10 million doses of vaccines for Kenya. We will absolutely stand by our African brothers and sisters until the final victory is won,” Yi said as reported by Silk Road Briefing.

In 2021, the minister also visited Tanzania, the Seychelles, Botswana, Nigeria and the Democratic Republic of the Congo. Some have lauded Yi for his consistent visits, while others have raised concern at what is being viewed as China’s quiet takeover Africa.

“China’s increased trade with, and investment in, Africa have boosted the continent’s economic growth but have also generated considerable controversy,” the World Bank said via a report which investigates why China is investing in Africa.

“The aggregate data on China’s overseas direct investment (ODI) in African countries reveal that China’s share of the stock of foreign investment is small, though growing rapidly. China’s attraction to resource-rich countries is no different from Western investment.”

According to research by the China-Africa Research Institute (CARI), relations between China and Africa have been ongoing since 2003 and steadily increasing.

“Chinese foreign direct investment (FDI) annually flows to Africa – and is also known as OFDI (“Overseas Foreign Direct Investment”) in Chinese official reports – have been increasing steadily since 2003.”

China-Africa Research Institute

“From 2003 to 2019, the number has surged from US$ 75 million in 2003 to US$ 2.7 billion in 2019. Flows peaked in 2008 at US$ 5.5 billion because of the purchase of 20% of the shares in Standard Bank of South Africa by Industrial and Commercial Bank of China (ICBC).”

As shown in the chart, Chinese FDI flows to Africa have exceeded those from the U.S. since 2014, as U.S. FDI flows have been declining since 2010. The top 5 African destinations of Chinese FDI in 2019 were Democratic Republic of Congo, Angola, Ethiopia, South Africa, and Mauritius. Source: CARI
As shown in the chart, Chinese FDI flows to Africa have exceeded those from the U.S. since 2014, as U.S. FDI flows have been declining since 2010. The top 5 African destinations of Chinese FDI in 2019 were Democratic Republic of Congo, Angola, Ethiopia, South Africa and Mauritius. Source: CARI

One of the avenues through which China-Africa investment and trade has been increasing, is through the formation of the the Forum on China-Africa Cooperation (FOCAC) in 2000. The FOCAC has served to establish strategic collaboration, and diplomatic and cooperation initiatives between the two countries.

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Nearly all African countries involved

Currently, nearly all African countries are benefitting from Chinese FDI. Although oil and extractives still account for a major portion of Chinese FDI in Africa, financial services, construction and manufacturing now account for half of all Chinese FDI. China’s banks have backed large-scale infrastructure expenditures on the continent, and more than 2 200 Chinese companies, primarily private, are actively doing business in Africa.

According to the World Bank, commodity exporters have greatly benefitted from the China-Africa relationship, as there is now high demand and associated price rises.

“As China-Africa trade cooperation moves into its next phase, there is significant scope for diversification of exports, particularly agriculture and manufactures. Based on its own experience, China could help African countries to address structural and logistical constraints that limit the competitiveness of these exports.

“Chinese FDI in Africa surged during the global financial crisis of 2008, when local governments also introduced preferential loan programmes. Investments in infrastructure, particularly energy and transportation, have helped to address the physical infrastructure constraints faced by many African countries.

“In recent years, Chinese investment has extended to mergers and acquisitions and to the relocation or expansion of Chinese-owned manufacturing operations on the continent. While investing in Africa has provided new opportunities for Chinese firms, African countries have benefited from the skills and technology that it has brought.”

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The World Bank believes that as Chinese investment increases and more firms establish operations in African countries, the challenge for local firms will be “to remain competitive and take advantage of opportunities to integrate into global value chains”.

Chinese investment in Africa

Tanzania: China’s entire investment stock was $541 million in 2012. The majority of private Chinese businesses operate in low-tech, labor-intensive sectors that cater primarily to the domestic market. They have produced between 80 000 and 150 000 positions, with many of them offering on-the-job and management training. After working for Chinese companies, a number of local entrepreneurs started their own enterprises.

Ethiopia: A shoe factory was established by the Huajin Group with a $10 million investment. It dispatched around 90 personnel to China for technical training before it began operations. The plant was opened in 2012, and the first year was profitable. Its 3 500 employees manufactured 2 million pairs of shoes in 2013.

Nigeria: A Chinese business, the Yuemei Group, committed $1.2 million in 2006 to develop a domestic manufacturing subsidy and $50 million in 2007 to construct a textile industrial park with a comprehensive production chain. By 2009, the park has grown to include five textile enterprises and 1000 local workers. The company now has ten plants, as well as sales offices in various countries and a facility in Senegal.

“There is scope for China’s considerable investments in Africa to have greater impact on economic transformation and export diversification. For this to happen, both African countries and China need to maximise the development impact of their partnership. There are successful experiences to build on, and African countries are interested to learn from China’s own experience of generating growth and reducing poverty.

“A proactive approach on the part of both African governments and private companies is required. Improvements in the business climate could attract more large Chinese firms to invest in Africa, bringing with them access to technology, skills and training, and knowledge transfer, as well as linkages to global value chains. Partnerships between Chinese and African firms though joint ventures and upstream and downstream linkages would also help to expand the private sector in African countries, creating employment opportunities,” the World Bank concluded.

ALSO READ: New irrigation project in Uganda aims to boosts agri productivity

Tags: Chinese investmentfood insecurityWang Yi
Lucinda Dordley

Lucinda Dordley

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Cassava is one of the continent's food staples. Here is a history on the root veg and its humble beginnings. Photo: Supplied/FoodForAfrika.com

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The upcoming Senegal summit is a follow-up to the 2015 inaugural edition during which the “Feed Africa” strategy for Agricultural Transformation (2016-2025) in Africa was proposed. Photo: Supplied/FoodForAfrika.com
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Food production summit to open in Senegal

by Staff Reporter
18 Jan 2023
0

African heads of state and government together with development partners will gather in Senegal to strategically map plans to unlock...

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