China is not the only investor motivated by self-interest in its pursuit of closer ties with Africa, a continent in dire need of generous new friends, South African observers say.
China is not the only investor motivated by self-interest in its pursuit of closer ties with Africa, a continent in dire need of generous new friends, South African observers say.
In a move seen as significant and symbolic by analysts, the African Development Bank, a continental vehicle for social progress, is to hold its yearly meeting in Shanghai next week.
China has long been eyeing Africa for many of its commodities such as oil. - Sapa