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Vol 1 (AAC) No 12

Published 1st October 2008

Champions of commerce

The latest figures rank China as the biggest lender and investor in African infrastructure – and the continent's second biggest trading partner

China’s trade with Africa is to reach US$117 billion this year, according to an internal report by Britain’s Department for International Development (DfID). China will also be the biggest lender to Africa and the biggest investor in Africa’s infrastructure this year, easily eclipsing the efforts of multilateral agencies such as the World Bank and the African Development Bank. The report says that China is also one of the largest sources of foreign direct investment in Africa and the continent’s second biggest trading partner after the oil-hungry United States.

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