Sanday Chongo Kabange AfricaNews reporter in Lusaka, Zambia
- African countries should formulate strategies that would respond to the mass economic migration of Chinese investments into Africa, Zambian economic consultant, Bob Sichinga has said.
Sichinga noted that as the world was trying to recover from the battering of the economic downturn, China was making rigorous inroads into African economies as it hoped to strengthen its investment blueprint across the continent.
He said: “Watch China in the next five years, they will do anything to secure raw materials from Africa. It is therefore imperative that each country formulates its own strategy to respond to the migration of Chinese into Africa.”
Sichinga said the influx of Chinese-propelled investment into Africa had opportunities and challenges that needed to be utilized to the benefit of the continent’s economic stability.
Since the emergence of the global economic crunch which started as a sub-prime mortgage crisis in the United States over 10 months ago, China had continued inject huge sums of money into Africa as a way of consolidating its grip on the continent’s vast natural resources
He said: “Watch China in the next five years, they will do anything to secure raw materials from Africa. It is therefore imperative that each country formulates its own strategy to respond to the migration of Chinese into Africa.”
Sichinga said the influx of Chinese-propelled investment into Africa had opportunities and challenges that needed to be utilized to the benefit of the continent’s economic stability.
Since the emergence of the global economic crunch which started as a sub-prime mortgage crisis in the United States over 10 months ago, China had continued inject huge sums of money into Africa as a way of consolidating its grip on the continent’s vast natural resources
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