Chinese Africa.

Will China's US$60 billion for Africa impact global prosperity?

Traditionally, most Chinese foreign investment in Africa has been one sided and focused around politics as opposed to objective business decisions. Investments often require local sovereign guarantees and local government support - this may be one reason why these investments have yielded mixed results.

Chinese investment in Africa is changing. Both traditional Western and Chinese investors have acknowledged that new, businessfocused, transparent investment strategies are urgently required for Africa and as such are now collaborating more with credible private local companies and institutions, rather than governments..

In December 2015, President Xi Jinping ushered in what he called a new era of real win-win cooperation between China and Africa. China has backed this proposal up with a commitment of US$60 billion of new investment in major capital projects, which are tied to developing local economic capacity.

By 2050, a quarter of the world’s nine billion population will be Africans and most of them will be under 30.