Ghana’s proposed rail lines of over 4,000 kilometers.
May 14, 2021
The commitment by the government of Ghana to upgrade its railroad system, including a rail line to Ouagadougou, the capital of Burkina Faso indicates an understanding of the importance of infrastructure. Railroads build nations by moving freight, connecting the nation internally and externally, and serve as a spine for manufacturing centers. All progressing economies exist on the foundation of an integrated infrastructure platform.
This new railroad from Port Tema to Burkina Faso, discussed in the article below-Go To Ouagadougou!-(AfricanAgenda.net) is an ambitious 1,000 kilometer rail connection, which will become Ghana’s first ever rail line beyond Kumase.
Prior to 2017, less than 10% of the old British network of 947 kilometers was operational! The Master Plan of the Ghana Railway Development Authority, completed in 2013, envisages a 4,007 kilometer rail network at a cost of almost $21,508,000. Ghana’s president, Nana Akufo-Addo, now serving his second term, has been a major drive of this project.
This is exactly the bold visionary policy African nations need to develop their economies. Ghana and Cote d’Ivoire, who together produce the majority of the world’s cocoa beans, can also become the economic drivers of West Africa and the Sahel, through infrastructure investments in rail and energy. New rail lines running north from Cote d’Ivoire’s port of Abidjan, the largest port in West Africa, to Burkina Faso, Bamako, Mali, and Guinea, would complement Ghana’s expansive rail program.
This is how the future of Africa will be built. This is the pathway to industrialization, which can finally eliminate hunger and poverty in Africa!
By investing in frast5ucure, especially in railroads and energy, Cote d’Ivoire and Ghana can be the drivers of development for West Africa and the Sahel.
Lawrence Freeman is a Political-Economic Analyst for Africa, who has been involved in economic development policies for Africa for over 30 years. He is the creator of the blog: lawrencefreemanafricaandtheworld.com. Mr. Freeman’s stated personal mission is; to eliminate poverty and hunger in Africa by applying the scientific economic principles of Alexander Hamilton
Lawrence Freeman giving a lecture on Africa. He teaches several courses on African history in Maryland.
December 25, 2020
Below is a lengthy year end interview with me by Pan African Visions, published on December 21, 2020, entitled: “Most US Administrations Have Not Had Good Policies On Africa.” In this interview, I discuss a number of issues facing the Africa continent, as well as the past and future of US-Africa policy.
Pan African Visions: We end with the last word on how you see 2021 playing out for Africa, what are your hopes and fears?
Lawrence Freeman: If you look at the problems we have now if we do not implement certain measures today, we are going to have problems 10 or 20 years from now. If you have an approximate population of two and a half billion and approximately one billion may be young people; if those young people do not have jobs, see their nation as providing for them then you can have very nasty operations and demonstrations, regime changes on the continent. On the other hand, we have all these very bright people, if we implement policies today that will bring about the kind of economic growth that is needed then you will not have an increase in alienation, anarchy and protests.
I would like to see the United States join with China and probably Russia to help Africa. They have to unite and assist Africa and not tell them what to do, and not seize anything. I estimate that Africa needs at least a thousand gigawatts of power to give people access to electricity. These things are primary. If we can begin in 2021 with a robust commitment to developing, then I think Africa will have a very interesting and beautiful future. If we do not, then we could be facing more serious challenges over the years ahead. I am approaching 70 years and I am going to put everything I have to make those things happen. If more people in the United States, Europe, and Africa will work with me on that then I think we can make some improvements that will benefit billions of people that are not only living today but those who will be born in the future. And that is my goal and commitments.
As I am sending out this post on Christmas Day, I would like to wish everybody an enjoyable Holiday Season. At this time of the year, it is important for me to emphasize that ending poverty and hunger in Africa is not an idealistic dream. It is an accomplishable strategic vision for the African continent. All men and women are endowed by the Creator with the power of creative reason. This unites all peoples of all nations as part of one human culture. If we exercise this uniquely human power of creativity with the good will of governments, there is no limit to the qualitative and quantitative growth of civilization. The same brute-force commitment that utilized our creative scientific capabilities to develop vaccines for the COVID-19 virus in record time, can be applied to feeding the world.
Lawrence Freeman is a Political-Economic Analyst for Africa, who has been involved in economic development policies for Africa for over 30 years. He is the creator of the blog: lawrencefreemanafricaandtheworld.com
Ballot of the four presidential candidatesPresident Ouattara and wife after voting
Lawrence Freeman
November 12, 2020
On October 31, Alassane Dramane Ouattara was re-elected President of Cote d’Ivoire. The official vote for President Ouattara was 3,031,483, which was 94.5% of total votes cast, with 53.9% of registered voters participating. Observers for both the African Union and Economic Community of West African States validated the legitimacy of the election process. On November 9, he was sworn in for his third term as president of Cote d’Ivoire.
In the days leading up to the election, scores of widely circulated stories, with frightening headlines predicting “chaos, a dangerous election, civil war,” attempted to create the narrative that this election could potentially experience a repeat of the violent conflict that caused thousands of deaths in 2010-2011. This blatantly false storyline, spread by major news outlets in Britain, France, and the U.S., that was intended to create fear and inflame the emotions of the population; never materialized. There were acts of civil disobedience and conflicts in a few outlying districts. However, in Abidjan, the country’s port city, where 20% of the population resides, there was no evidence of any kind of violence and the city remained calm.
I was very pleased to witness hundreds of Ivorians peacefully standing in long lines waiting to vote, in Treichville, a poor section of Abidjan. This was one of the several polling centers I visited. As I walked around several voting locations, I observed a professional orderly voting procedure.
Ivorians at Treichville lining up to vote
Stability for the nation of Cote d’Ivoire following this election is not only important for 25 million Ivorians but is vital for all of West Africa and the Sahel. Cote d’Ivoire’s bordering neighbors, Mali, and Burkina Faso are being destabilized from attacks by violent extremists.
Cote d’Ivoire, a potential economic hub in West Africa, is already exporting energy to several nations in the region and transporting goods from its port via rail to landlocked Niger and Burkina Faso. With the modernized Abidjan port, Cote d’Ivoire offers a vital gateway for development in West Africa.
Respect Cote d’Ivoire’s Sovereignty
It is universally recognized that President Ouattara, who was president from 2011-2020, created an economic recovery from the previous ten years of 2000-2010. In that period, referred to as the ‘lost decade,” Cote d’Ivoire was governed by President Laurent Gbagbo, and racked by a protracted and bloody civil war.
Originally, President Ouattara announced in March of this year that he would not run for office again. He threw his support behind the then Prime Minister, Gon Coulibaly, who unexpectedly died of a heart attack in July, compelling President Ouattara to reverse his decision.
Ivorians in Abidjan waiting to cast their votes in the presidential election
In an article published on Oct 28, in Modern Ghana,More than meets the eye, Mamadou Haidara, ambassador to the U.S., explains President Ouattara’s reasoning to seek the presidency again:
“This extraordinary circumstance left a major political party with the difficult task of identifying, vetting and putting forward an alternative candidate in a matter of days or weeks — an unrealistic timetable in any country, and especially so in this young and still somewhat fragile democracy…
“Confronted with this unforeseen predicament, President Ouattara’s decision to seek another term in office was the only viable path forward for his party and his country.”
The nation’s Constitutional Council ruled on September 14, that in accordance with Cote d’Ivoire new constitution of 2016, it was permissible for President Ouattara to seek a third term. United States ambassador to Cote d’Ivoire, Richard Bell supporting the nation’s sovereign authority to conduct its election, responded in an interview published in Fraternite Matin (October 17-18):
“Question: Of the 44 candidates, only 4 were deemed eligible to take part in the election. Do you have a comment on this situation?
Amb Bell: There are a lot of applicants who weren’t successful. I think the Constitutional Council ruled that they did not meet the criteria. In any country, there must be someone who decides. Who says the law in this country? There has to be a clear answer to this question. In Côte d’Ivoire, for questions of this kind, I believe that it is the Constitutional Council which decides. The United States respects the sovereignty of Côte d’Ivoire. I therefore find it hard to see my government contradicting what is said by the highest Ivorian authority.”
A voter registering to vote
Destabilization Launched
Those seeking to destabilize Cote d’Ivoire, seized the ruling by the Constitutional Council to allow President Ouattara to seek a bid for a third term as a gambit to destabilize the nation.
In addition to the 78 year old President Ouattara, from the Rally of Houphouetists for Democracy and Peace party (RHDP), the Constitutional Council approved three other candidates to compete for the office of president.
Henri Konan Bedie, Democratic Party of Ivory Coast (PDCI), 86 years old, a former president Cote d’Ivoire from 1993-1999, before he was couped. He initiated ethnic conflicts when he introduced the notion that to be a “true” Ivorian both parents had to be Ivorian.
Pascal Affi N’Guessan, Popular Front Party (FPI), 67 years old, a former prime minister from 2000-2003 under President Gbagbo.
Kouadio Koana Bertin, running as an Independent, 52 years old, a former youth leader of the PDCI, who competed for president in 2015.
On October 15, candidates Bedie and N’Guessan, fearing they would lose, called on their supporters to boycott the election, in preparation to create the conditions to destabilize Cote d’Ivoire immediately following the vote. This calculated action, a mere 16 days before this critical election, which would impact the nation’s future, was intended to prepare the groundwork for a campaign to “delegitimize” the presidential election. Right on cue, as part of their scheme, Bedie, and N’Guessan, who received .99% and 1.66% of the vote respectively, characterized the election as illegal and illegitimate, as they had planned. The duo then nonsensically called for the creation of a “council of national transition.” In effect, these defeated candidates, who claim to support democracy, are advocating for the disenfranchisement of millions of Ivorians, who endured the heat and long lines to vote for the candidate of their choice.
Democracy at the ballot box
Sedition
N’Gueesan was arrested on November 7, and Bedi is under house arrest for calling for the formation of an unlawful-none-elected government. This may not seem serious to those unfamiliar with Cote d’Ivoire’s history of elections. However, Ivorians memories are deeply scarred from the violence that followed the 2010 presidential election, when President Laurent Gbagbo refused to leave the presidential palace after being defeated by President Ouattara. From December 2010 into March 2011, heavy fighting between opposing armies in Abidjan killed three-thousand people and displaced upwards of one million. For a young, emerging nation, recalling the horrors from a decade earlier, the actions of N’Ggueesan and Bedie are threatening to Ivorian society and its elected government.
Joining the opposition coalition that is attempting to overthrow the elected government of Cote d’Ivoire is Guillaume Soro. He served as prime minister under President Gbagbo from 2007 to 2012, and President of the National Assembly from 2012 to 2019, during Ouattara ‘s presidency. He previously was an ally of President Ouattara and led the rebel forces against then President Gbagbo. It is important to recognize that prior to the election, Soro confirmed the opposition’s game plan, telling Le Monde, a major French newspaper:
“We have succeeded (sic) in discrediting the electoral process and in giving ourselves the means not to recognize Mr. Ouattara as President of the Republic of Cote d’Ivoire after October 31.”
Soro, who was disqualified from running for president by the Constitutional Council for embezzlement and money laundering, is residing in Belgium after being found guilty in absentia. On November 4, four days after President Ouattara’s victory, Soro called for armed mutiny against President Ouattara. He posted on his face book an appeal for a military coup. He wrote:
“Turning now to our security and Defense forces…I’m asking you to disobey illegal orders and join the national transitional council…We cannot out of fear, allow dictatorship in Ivory Coast by Alassane Ouattara.”
Bedie also failed when he tried to enlist the support of the U.S. to join his effort to subvert the election. On November 2, the U.S. Embassy in Abidjan issued the following statement:
“The United States Ambassador did not meet the candidate Bédié this weekend. The United States respects constitutional order in the Republic of Côte d’Ivoire, which President Ouattara still leads, and urges all to respect constitutional order and avoid violence.”
Showing international observer proof he voted with blue ink on his finger
Time to Move Forward
With the election over, now is the time for Cote d’Ivoire to unite around the goals of fulfilling the nation’s potential, industrializing its economy, and providing for the wellbeing of all its people.
President Ouattara, in his acceptance speech on November 9, committed himself to resolving the country’s conflict:
“I would like to reaffirm my availability today, as I did yesterday, for a sincere and constructive dialogue with the opposition, while respecting the constitutional order.
“I would like to invite my elder, President Henri KONAN BEDIE, President of PDCI-RDA, to a meeting in the next few days for a frank and sincere dialogue in order to restore confidence.
“I ask all our fellow citizens, in a surge of peace of minds and hearts, to work to maintain and strengthen peace throughout our country. We have so much to do together, to build and consolidate our Nation.
“The time for electoral competition has passed. Now is the time for action. And for me, action is the “Côte d’Ivoire Solidaire” Project for which I was elected, and which will accelerate the economic and social transformation of our country, through more inclusive growth.”
President Ouattara’s administration has outlined in its Strategic Plan-2030, a vision for a prosperous and inclusive Cote d’Ivoire. Key goals of this plan include; reducing poverty from 39% to 20%, increasing life expectancy from 57 to 67 years of age, creating 8 million new jobs, and reducing child mortality by 40%.
It is in the interest of all Ivorians to move beyond this contentious election and work together to achieve a stable and blossoming nation. With peace, stability, and the right policies, Cote d’Ivoire, a lovely cultural melting pot of many nationalities, is capable of becoming an engine of growth for West Africa.
(The authored visited Cote d’Ivoire from October 23-Novemebr 3, 2020)
Lawrence Freeman is a Political-Economic Analyst for Africa, who has been involved in the economic development policy of Africa for over 30 years. He is the creator of the blog: lawrencefreemanafricaandtheworld.com
Basilica of Our Lady of Peace, Yamoussoukro, the capital of the Ivory Coast. (Courtesy Shutterstock.com.)
U.S. ambassador to the Ivory Coast, Richard K. Bell, was interviewed on October 16, 2020, two weeks before Ivory Coast’s presidential election. Contrary to those forces inside and outside the Ivory Coast questioning the sovereignty of the nation, Amb Bell supported the right of the Constitutional Council to determine which are candidates eligible to run for President. Destabilizing the Ivory Coast or attempting to delegitimize the election of this important West African nation, would be harmful to African continent.
Below are excerpts from the interview with Amb Bell translated from French.
Question: Of the 44 candidates, only 4 were deemed eligible to take part in the election. Do you have a comment on this situation?
Amb Bell: There are a lot of applicants who weren’t successful. I think the Constitutional Council ruled that they did not meet the criteria. In any country, there must be someone who decides. Who says the law in this country? There has to be a clear answer to this question. In Côte d’Ivoire, for questions of this kind, I believe that it is the Constitutional Council which decides. The United States respects the sovereignty of Côte d’Ivoire. I therefore find it hard to see my government contradicting what is said by the highest Ivorian authority.
Question: What are the criteria of the United States to judge a credible election?
Amb Bell: The Ivorian people have the right to choose in peace who will preside over the destiny of the country during the period to come, by universal adult suffrage. Anything that hinders that is a problem. We do not live in a world of angels. We are unfortunately human beings. Something can be imperfect without losing its validity, without losing its legitimacy. But, there is a threshold below which one could not judge the process or the result credible.
But for the moment, I continue to believe that it is possible for Côte d’Ivoire to have a credible and peaceful election on October 31. But, it is not for us to fix the date. She is already known. I believe it is possible. It is never a given. It’s necessary to be vigilant.
Lawrence Freeman is a Political-Economic Analyst for Africa, who has been involved in the economic development policy of Africa for over 30 years. He is the creator of the blog: lawrencefreemanafricaandtheworld.com
The provocative title of the article, The Vengeance of old men- A dangerous election looms in Ivory Coast, published in the London Economist should not be viewed as simply reporting on the upcoming presidential election in the Cote d’Ivoire (Ivory Coast). TheEconomist is the flagship publication of British intelligence that still believes it is their right to intervene around the world to shape events that will benefit British financial interests. This is especially true in Africa, where the British Colonial empire directly ruled over much of the continent until the liberation movements ended their imperial reign. beginning in the 1960s. Most striking in The Economist article, along with other western media, is their refusal to accept the legitimacy of the sovereignty of emerging nations, like the Ivory Coast.
Weeks before Ivory’s Coast presidential election, the 177 year old London based Economist proclaims in this threatening article that: “If by hook or by crook Mr. Ouattara wins, as seems probable, swathes of the electorate will view him as illegitimate. Even if violence is avoided, Ivory Coast will face a post-election crisis, says William Assanvo of the Institute for Security Studies. “(emphasis added)
Flouting its disregard for institutions of the Ivory Coast, The Economist writes: “President Alassane Ouattara, aged 78, made matters worse by deciding to run for a third term, seemingly in breach of the constitution, after his chosen successor died in July.” (emphasis added) The Ivory Coast’s Constitutional Council, declared on September 14, 2020, that President Ouattara was eligible to run in the October 31st presidential election. Why is this decision, ratified lawfully by a government institution, challenged because western nations, led by the British do not like it? Should not the sovereignty of an emerging nation, only three generations old, be respected? This is typical of behavior by Western institutions and the media that dictate to African nations the “acceptable” criteria for their version of “good governance” and “democracy.”
TheEconomist supports the opposition’s call for civil disobedience, “to alarm foreign governments so much they feel obliged to intervene, as they have before.” Why should governments be called to intervene before the election has even taken place? Does the colonial empire believe they are still in charge?
Commenting on the potential outcome of a victory by President Ouattara in the upcoming election, The Economist stokes the flames of a return to ethnic violence, which the nation suffered following the 2010 presidential election. “Were Mr. Ouattara to win, the opposition would surely reject the result. Violence, which many fear would take on an ethnic hue, could well erupt,” the magazine asserts.
Clearly there is a need for younger qualified leadership in many nations. The reference to the old men competing for office in the Ivory Coast is amusing to American voters. The Republican and Democratic primaries fielded four candidates running for president, who were in their 70s. The leadership of the U.S. House of Representatives and Senate is dominated by septuagenarians and octogenarians of both parties.
Lawrence Freeman is a Political-Economic Analyst for Africa, who has been involved in the economic development policy of Africa for over 30 years. He is the creator of the blog: lawrencefreemanafricaandtheworld.com
Other press by DR General debate of the 75th session of the UN General Assembly by videoconference: Statement by HE Mr. Alassane OUATTARA, Head of State of the Republic of Côte d`Ivoire, September 24, 2020
September 28, 2020
The remarks by President Quattara at the United nations echoed those of other leaders of developing nations. However, we must contemplate taking even bolder action. The present global financial-economic system needs to be restructured. The Bretton-Woods system as envisioned by President Franklin Roosevelt has been distorted beyond recognition. The amount of debt and derivatives on the books of the international banking system is suffocating real economic expansion. Yes, we must have a debt moratorium for the duration of the crisis, but we have to do more. We have to construct a New Bretton Woods that will deflate existing unpayable debt and establish standards for prioritizing the issuance of new credits explicitly for development; in particular infrastructure. The COVID-19 pandemic has brought to the fore, for all the world to see, the gross failure of the current globalized system. We, humanity, will only progress when we establish a higher platform of economy, one dedicated to the promotion of human life, not the balance sheets of debts. Read: New Economic Order Required to Combat COVID-19 in Africa
General debate of the 75th session of the United Nations General Assembly: Statement by His Excellency Mr. Alassane Ouattara, President of the Republic of Côte d’Ivoire
Excerpts below:
“Faced with the spread of COVID-19, developing countries, especially African countries, are more severely affected by the economic and social effects of the absence of global initiatives in favor of of their savings. In this context, in my capacity as Champion for the implementation of the African Union’s Agenda 2063, I welcome the initiative of the G20 to grant a moratorium on the service of the bilateral public debt for the benefit of several African countries.
“I call on all the continent’s partners to take bolder measures aimed at relieving our economies hard hit by the effects of COVID-19. Africa’s financial needs are estimated at US $ 100 billion per year over three (3) years, or a total of US $ 300 billion. In addition, countries should have budgetary leeway to allow them to pursue the necessary social investments and take into account security needs, especially in countries facing terrorism.
“Finally, the world must hear the Africans’ call for the cancellation of the public debt of their countries. My country supports the African Union’s efforts to collectively renegotiate the continent’s debt with the creditors, and to obtain an extension of the debt moratorium, mentioned above. But we must go further and act without further delay. African countries need lasting solutions, in particular liquidity and investments, in order to withstand the unprecedented shock suffered by our populations and to continue the development process of the continent.
Among these solutions, I recommend recourse to the Special Drawing Rights of the International Monetary Fund; a mechanism that has already proved effective during the global financial crisis of 2008-2009.
“The fight against COVID-19 must not overshadow other diseases such as Malaria and AIDS, which claim more victims in African countries. Above all, it must not destroy efforts to fight poverty. In this area, my country has launched vigorous reforms that have reduced poverty by 15.6 percentage points in eight years.
The regional study on poverty by the West African Economic and Monetary Union (UEMOA) and the World Bank confirms that Côte d’Ivoire has gone from a poverty rate of 55.01% in 2011. at 39.4% in 2018. It is therefore about 1.6 million Ivorians who were lifted out of poverty during this period.
“Likewise, still according to recent statistics from the World Bank, the Gross Domestic Product (GDP) per capita of Côte d’Ivoire has more than doubled, from 1120 US dollars in 2011 to 2290 US dollars in 2019. , making Côte d’Ivoire the country with the highest per capita income in the West African sub-region.”
Laying of the first stone of the cocoa bean processing plant, the warehouse and the training center for cocoa trades Abidjan on September 22, 2020. President Alassane Ouattara chaired this Tuesday the ceremony of laying the foundation stone of the cocoa bean processing plant, warehouse and training center for cocoa trades. Abidjan.net by Atapointe
September 23, 2020
The article below, posted on Tuesday, September 22, 2020 on Abidjan.net highlights the efforts by the government of Ivory Coast to increase its processing capacity of coca beans. This expansion of Ivory Coast’s manufacturing sector is positive. For emerging African nations to develop and improve the living standards of their people, it is necessary to increase their manufacturing sector as thy move to industrialize their economies. African nation nations cannot any longer allow themselves to be dominated by extraction of their natural resources.
National Development Plan: Alassane Ouattara launches construction work on two cocoa bean processing units
The Head of State, Alassane Ouattara proceeded on Tuesday, September 22, to the laying of the first stone of a cocoa bean processing unit at the PK24 industrial complex in the town of Anyama. The Chinese Ambassador to Côte d’Ivoire and several ministers took part in the ceremony.
“These facilities will contribute to the industrialization of our country and promote job creation for the populations,” said Alassane Ouattara. The head of Eta has expressed the wish that by 2025 Côte d’Ivoire will be able to transform 100% of its cocoa production on site. “Next year, projects of this kind will allow us to achieve a growth rate of 8%, which means that it is an essential project,” said Alassane Ouattara. This official ceremony of the laying of the first stone marks the launch and start of construction work on two cocoa bean processing units on two sites with an area of 21 hectares each in Abidjan and San-Pedro. The two cocoa bean processing units will have a capacity of 50,000 tonnes each. In addition to these two processing units, two 300,000-ton storage warehouses will be built on each site. The products can be stored there for a period of two years. Finally, the PK24 site will host a training center for cocoa trades to participate in the development of human capital.
The Director General of the Coffee and Cocoa Council, Koné Brahima Yves announced during the ceremony that the overall cost of this project is estimated at 216 billion FCFA. “The financing was only possible thanks to the excellent relations between Côte d’Ivoire and China, the support of the Ministries of Agriculture, Economy and Finance as well as that of Trade and industry, ”revealed the CEO of the cafe-cocoa council. Still according to Koné Brahima Yves, the work will end in 24 months on the two sites. “It should be noted that in the implementation agreement for this project, 40% of the production of factories will be intended for the Chinese market,” said the CEO of the coffee-cocoa council. Finally, the regulator announces that after the completion of these factories, the capital will be open to the private sector.
The implementation of this pilot project by the Café-Cacao council is part of the National Development Plan (PND). It will help make the coffee-cocoa sector more efficient and able to meet internal demand. Also, this project will promote innovation and technological development.
Lawrence Freeman is a Political-Economic Analyst for Africa, who has been involved in the economic development policy of Africa for over 30 years. He is the creator of the blog: lawrencefreemanafricaandtheworld.com
The closest look yet at Chinese economic engagement in Africa
Field interviews with more than 1,000 Chinese companies provide new insights into Africa–China business relationships.
In two decades, China has become Africa’s most important economic partner. Across trade, investment, infrastructure financing, and aid, no other country has such depth and breadth of engagement in Africa. Chinese “dragons”—firms of all sizes and sectors—are bringing capital investment, management know-how, and entrepreneurial energy to every corner of the continent. In doing so they are helping to accelerate the progress of Africa’s economies.
Yet to date it has been challenging to understand the true extent of the Africa–China economic relationship due to a paucity of data. Our new report, Dance of the lions and dragons: How are Africa and China engaging, and how will the partnership evolve?, provides a comprehensive, fact-based picture of the Africa–China economic relationship based on a new large-scale data set. This includes on-site interviews with more than 100 senior African business and government leaders, as well as the owners or managers of more than 1,000 Chinese firms spread across eight African countries1that together make up approximately two-thirds of sub-Saharan Africa’s GDP.
Africa’s largest economic partner
In the past two decades, China has catapulted from being a relatively small investor in the continent to becoming Africa’s largest economic partner. And since the turn of the millennium, Africa–China trade has been growing at approximately 20 percent per year. Foreign direct investment has grown even faster over the past decade, with a breakneck annual growth rate of 40 percent.2Yet even this number understates the true picture: we found that China’s financial flows to Africa are around 15 percent larger than official figures when nontraditional flows are included. China is also a large and fast-growing source of aid and the largest source of construction financing; these contributions have supported many of Africa’s most ambitious infrastructure developments in recent years.
We evaluated Africa’s economic partnerships with the rest of the world across five dimensions: trade, investment stock, investment growth, infrastructure financing, and aid. China is among the top four partners for Africa across all these dimensions (Exhibit 1). No other country matches this depth and breadth of engagement.
