Busting the myths about Chinese and Indian investments into Africa

Investment by Indian and Chinese firms into Africa does not dominate the flow of FDI into the continent and it is not a new phenomenon, according to a study.

Misconceptions proliferate about the investment by Chinese and Indian firms into Africa, according to a recent study by the Vale Columbia Centre, which terms the topic an “emotionally charged issue”.

Chinese and Indian firms have been part of a wave of commerce with Africa that has been growing rapidly for more than two decades and thus their involvement with this continent is not a new phenomenon, said Vale in a report issued last week. In 2008, exports from developing countries to other developing countries, which would include trade between Asia and Africa, accounted for 47% of overall exports, up from just 29% in 1990.

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