Economist hails Chinese investment in Africa

CNC
Added On August 10, 2018

 A Ghanaian economist has commended China's substantial investment in African countries.

 
The expert said China's investment in the continent is key to solving Africa's infrastructure insufficiency in the short-to-medium term.
 
Benjamin Boakye is the executive director of Africa Center for Energy Policy and an economist specialising in natural resources.
 
Boakye said Chinese investment helps to support Africa's development.
 
SOUNDBITE (ENGLISH): BENJAMIN BOAKYE, ACEP Executive Director  
"Chinese investment is here to stay. They are supporting development. What we know is that there is Chinese investment coming in; and how do we optimize that investment to ensure that we generate greater value from it. It's the conversations Africans need to have."
 
Boakye also said Chinese investment can help stop development gaps in the region.
 
SOUNDBITE (ENGLISH): BENJAMIN BOAKYE, ACEP Executive Director   
"I believe it is largely infrastructure. There are massive infrastructure projects, roads, dams, rail lines, that are being constructed across the region with Chinese money. So once these are coming, these are development projects. But we have to ensure that they are actually aligned with our development pathways."
 
Boakye suggested African countries should take steps to ensure that Chinese investment can be effectively utilized to meet Africa's goals for development.