AFRICA has become a focal point for China's Belt and Road Initiative (BRI), with the continent emerging as the largest recipient of Chinese engagement in 2023.
This strategic focus is further underscored by China's recent agreement with Liberia, indicating that china is actively seeking to increase its presence in West Africa, leveraging the region's importance to global trade routes, reports Greece's Container News.
According to the China Belt and Road Initiative Investment Report 2023, investments in Africa grew by an impressive 114 per cent, totalling US$21.7 billion driven by China's strategic investments in key infrastructure projects, particularly in the port and shipping sectors, where construction contracts in Africa increased by 47 per cent in 2023 alone.
Chinese investments in transport infrastructure, including port facilities, accounted for 16 per cent of global BRI engagement, reflecting China's ambition to strengthen Africa's role in global trade.
According to the Critical Infrastructure in China's Africa Strategy report of 2022, Chinese companies have been involved in the construction and engineering of at least 55 of the 61 African ports where China has a presence.
With China Communications Construction Corporation (CCCC) being a major player, holding contracts in at least 38 ports, China's infrastructure dominance on the continent is unparalleled.
This extensive involvement reflects a geographically comprehensive presence in Africa, with Chinese firms building, managing, or financing port projects across every region.
The push for port development stems from a recognized commercial demand. Africa, with the world's lowest share of shipping trade and its vast stores of untapped natural resources, represents a prime market for Chinese investments.
SeaNews Turkey
This strategic focus is further underscored by China's recent agreement with Liberia, indicating that china is actively seeking to increase its presence in West Africa, leveraging the region's importance to global trade routes, reports Greece's Container News.
According to the China Belt and Road Initiative Investment Report 2023, investments in Africa grew by an impressive 114 per cent, totalling US$21.7 billion driven by China's strategic investments in key infrastructure projects, particularly in the port and shipping sectors, where construction contracts in Africa increased by 47 per cent in 2023 alone.
Chinese investments in transport infrastructure, including port facilities, accounted for 16 per cent of global BRI engagement, reflecting China's ambition to strengthen Africa's role in global trade.
According to the Critical Infrastructure in China's Africa Strategy report of 2022, Chinese companies have been involved in the construction and engineering of at least 55 of the 61 African ports where China has a presence.
With China Communications Construction Corporation (CCCC) being a major player, holding contracts in at least 38 ports, China's infrastructure dominance on the continent is unparalleled.
This extensive involvement reflects a geographically comprehensive presence in Africa, with Chinese firms building, managing, or financing port projects across every region.
The push for port development stems from a recognized commercial demand. Africa, with the world's lowest share of shipping trade and its vast stores of untapped natural resources, represents a prime market for Chinese investments.
SeaNews Turkey
