China, Africa forge ties for mutual interest

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

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