WORLD Chinese investment bridges infrastructure gap in Africa: economist

WORLD

Chinese investment bridges infrastructure gap in Africa: economist

Xinhua

13:47, August 08, 2018

ACCRA, Aug. 7 (Xinhua) -- The massive investment China has committed to Africa is key to solving the continent's infrastructure deficiency in the short-to-medium term, a Ghanaian economist on natural resources said on Tuesday.

"Chinese investment is here to stay. It is supporting development," said Benjamin Boakye, executive director of Africa Center for Energy Policy (ACEP).

"There are massive infrastructure projects, roads, dams, rail lines that are being constructed across the region with Chinese money," Boakye said.

"In my view, these developments are bridging critical gaps largely in infrastructure," he said.

Boakye advised African countries to take steps to ensure the Chinese investment would be effectively utilized to meet Africa's aspirations for development.

He also underscored the need to ensure that the investment creates a win-win situation for both Chinese and African investors.

Cover image: Xinhua

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