By Peter Eigen
Special to CNN
November 25, 2012
Editor’s note: Peter Eigen is a member of the Africa Progress
Panel, chaired by Kofi Annan. He is the founder and chair of the
Advisory Council, Transparency International, and chairman of the
Extractive Industries Transparency Initiative. The views expressed are
the author’s own.
China’s growing presence in Africa
is one of the region’s biggest stories, but even seasoned analysts
cannot decide whether this booming relationship is good or bad for
Africa.
Critics say Chinese strategy is entirely self-promotional,
aimed at maintaining access to Africa’s precious mineral resources even
when that means propping up odious governments. China’s supporters say
the Asian superpower is strictly neutral and business-oriented,
preferring to generate economic growth not a dangerous dependency on
aid.
China has certainly been contributing to Africa’s economic growth,
both in terms of trade and with building infrastructure. All over the
continent, it has built roads, railways, ports, airports, and more,
filling a critical gap that western donors have been shy to provide and
unblocking major bottlenecks to growth.
The rehabilitated 840-mile Benguela railway line, for example, now
connects Angola’s Atlantic coast with the Democratic Republic of Congo
and Zambia. And Chinese-financed roads have cut journey times from
Ethiopia’s hinterland to the strategic port of Djibouti, facilitating
livestock exports.
Meanwhile, bilateral trade between Africa and China continues to grow at an extraordinary pace, reaching $160 billion in 2011 from just $ 9 billion in 2000.
To read more.....
No comments:
Post a Comment