Who all are Running in the New Race to Africa?

Answer: The African boom, which China helped to stoke in recent years, is attracting many other investors.

  • In terms of investment in Africa, China lags behind Britain, America and Italy.
  • However, the non-Western ones compete especially fiercely. Brazil and Turkey are superseding many European countries.
  • African trade with India is projected to reach $100 billion this year. It is growing at a faster rate than Chinese trade, and is likely to overtake trade with America.
  • The Chinese excel in large infrastructure projects and have deep pockets while the Indians have an edge in Information and Communications Technology (ICT), capacity building and training ....
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