Lender to trader: China evolves business model in Africa as it sets sight on AfCTA
African and Chinese ministers attend the ministerial conference of the 2024 Summit of the Forum on China-Africa Cooperation (FOCAC) in Beijing, China on September 3, 2024.
China shift of business model in Africa from that of creditor to stronger trade and investment, is an evolution, rather than transformation, meant to take advantage of the continent’s integration protocols.
A new report launched this week suggests that, rather than abandoning its partnerships with African countries, Beijing is adapting its approach while leveraging its existing relationships established through credit deals.
