Prime Ministers of China and Ethiopia in Addis Ababa. (Photo: Channel News Asia/AFP/Getty Images)
By Jacob Kushner, Ozy.com
You’ve seen the headlines: China is taking over Africa, and the United States and Africa’s former colonizers in Europe have lost sway.
Mostly, it’s true. Throughout Angola, Ghana and the Congo, some of China’s largest companies are building roads and railways. They’re backed by Chinese banks, and they’ll pay off their loans in kind through mining and oil deals. All the while, small-scale Chinese entrepreneurs are moving to Africa, opening pharmacies, trading furniture or buying land to farm, much as earlier generations did in Southeast Asia and North America. African governments are welcoming them with open arms, and for the most part, so are Africans themselves.
Read more at USA Today.
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Related:
Why ‘Made in Ethiopia’ Could Be The ‘Next Made in China’ (The Wall Street Journal)
New East Africa Railway: What It Says About China’s Approach to Africa (IBT)
China to build new East Africa railway line (BBC News)
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