xinhua silk road logo xinhua silk road logo
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

maritime silk road search
International Relation

China's BRI could help Africa achieve transformation agenda

October 18, 2019


Abstract : China's Belt and Road Initiative (BRI) could play a major role in helping Africa achieve its economic transformation agenda, a Kenyan official said on Thursday.

NAIROBI, Oct.17 (Xinhua) -- China's Belt and Road Initiative (BRI) could play a major role in helping Africa achieve its economic transformation agenda, a Kenyan official said on Thursday.

Michael Chege, chairperson of the National Governing Council of New Partnership for Africa's Development's African Peer Review Mechanism (NEPAD/APRM) Kenya Secretariat told Xinhua in Nairobi that there are many convergence points between BRI and African Union's economic blueprint Agenda 2063.

"BRI can play a huge role in helping Africa plug its infrastructure deficit," Chege said during the conference on China-Africa relations that was hosted by the University of Nairobi.

The two-day event was held under the theme "From Sino-Africa to Afro-China engagements in the 21st century: Emerging interdisciplinary issues and research gaps".

Chege said that research has indicated that approximately 25 percent of all infrastructure development in Africa in the past 18 years has been funded by the Chinese government, with the African government contributing an estimated 40 percent.

He observed that the infrastructure gap in Africa is above 10 trillion shillings (100 billion U.S. dollars) annually and the BRI can make a contribution in reducing the gap.

Chege, who is also a lecturer at the University of Nairobi, said that China offers critical lessons to many developing countries in the area of rapid economic development growth.

"China was able to achieve high economic growth by inducing a high savings rate at both the household and government level which provided the funds to have a high investment to gross domestic product ratio (GDP)," he added.

Scan the QR code and push it to your mobile phone

Keyword: BRI China-Africa

Reading:

China Yangzhong well demonstrates integrated industrial & city dev. amid global energy transformation​

International green energy cooperation enters fast lane under BRI

China becomes key driver for green energy development: report

Huawei Cloud signs MOU with 1Cloudstar to expand Cloud Computing, 5G+AI services in Southeast Asia

China to further optimize business environment

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial