久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

USEUROPEAFRICAASIA 中文雙語Fran?ais
World
Home / World / Africa

China persists in developing Africa's infrastructure

By Lucie Morangi | chinadaily.com.cn | Updated: 2016-02-17 19:30

The slowdown of China's economy will not affect its outbound investments to Africa. Contrary to popular perception, Chinese participation in the continent's infrastructural projects will increase, said Mark Smith, Head of Infrastructure & Capital Projects in Deloitte East Africa.

"In fact, I am not in agreement with the perception that the economy is slowing down. Chinese mainland is still recording an average growth of 7 percent, which is higher compared to other global players," said the director during the release of the fourth Africa Construction Trends report 2015 in Nairobi.

The fourth edition of the Deloitte Africa Construction Trends report highlighted that the total value of mega projects in the continent stood at $357 billion in 2015, a 15 percent increase from 2014. Of these projects, Southern Africa contributed the biggest share with 109 projects worth $140 billion, followed by West Africa with 79 projects values at $116 billion.

"Rapid urbanization and influx of an expanding middle class continues to drive the need for infrastructural reform, expansion and upgrading," said Smith.

With participation in 145 of the 301 projects in Africa, DFIs (development finance institutions) are the largest financiers representing 48 percent of total projects and 34 percent of continent-wide financing according to the report.

"Governments are the second highest provider of funding, followed by the amalgamation of the participation of all singular countries' financing and then by China on a stand-alone basis," reads the report.

Governments continued to own the projects by 71 percent (214) projects followed by private domestic owners with 38 projects and Africa DFIs with 9 projects (3 percent)

In construction, the amalgamation of all the singular countries building participation represented the highest involvement at 28 percent, followed slightly by government at 27 percent. "China is present in 14 percent of all the projects on a standalone basis," read the report.

The report tracks projects valued at more than $50 million.

Smith noted that China's investment in East Africa continued to lead other foreign countries save for International Development Finance Institutions (DFIs). He opined that Kenya and Ethiopia will be the biggest recipients in the region.

"We have seen China supporting regional mega transport infrastructure projects particularly in rail and ports. The trend will likely to continue in the short to long term future," said Smith.

Overall according to the report, China owns only one project in the continent but is however present in the funding of 13 projects (4 percent) and heavily present in the construction of 42 projects (15 percent).

Smith said that China's dominance was strongly visible in East Africa. "It has provided funding for 8 percent of the mega projects and builds 21 percent of them," said Smith during his presentation. This translates to about 13 projects.

He pointed out that most of these projects are trans-border in nature hence accelerating the regional integration goals fronted by the governments namely Kenya, Uganda, Tanzania, Rwanda, South Sudan and Ethiopia.

"This is also likely to fuel inter regional trade," he asserted observing that it will continue playing a significant role in bolstering confidence of such projects.

East Africa accounted for 20 percent of all on-going projects in Africa, valued at $57.5 billion in 2015, compared to $60.7 billion the previous year. In total the number of projects in the region rose by 10 to 61 projects, with Kenya leading the pack at 20 followed by Ethiopia with 12 projects.

However, there was a drop in projects value from $60.7 billion in 2014 to 57.5 billion in the year under review. "I think this is a good thing considering the challenges in the global economy such as liquidity crunch and low commodity prices. There has been a restructuring in the planning and packaging of these projects to bite-size portions," said Smith.

The report also noted a single entry of real estate project for the first time in the region. The Two Rivers Project, valued at $200 million, saw two Chinese companies in a joint venture invest $70 million for a 38.9 percent stake. Aviation Industry Corporation of China (AVIC-ENG) and the Jiangxi Water and Hydropower Construction have invested in the mall billed to be the largest in east and central Africa.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 在线观看毛片视频 | 久久欧洲视频 | 久久久一本 | 日本免费一二区视频 | 毛片一级在线观看 | 国产v综合v亚洲欧美大另类 | 在线看欧美日韩中文字幕 | 国产99精品一区二区三区免费 | 亚洲精品一区二区三区 | 成人精品视频网站 | 欧美日韩在线第一页 | 日韩一级大毛片欧美一级 | 久久精品中文字幕首页 | 男人天堂视频网 | 免费国产在线观看 | 全部免费a级毛片 | 亚洲欧洲一区二区三区久久 | 欧美日韩精品一区二区在线线 | 毛片免费观看日本中文 | 99色在线播放 | 一级毛片免费看 | 亚洲国产一区二区三区a毛片 | a级片在线免费播放 | 女人被男人躁得好爽免费视频免费 | 成人在线观看午夜 | 亚洲人成网站在线在线 | 国产精选一区二区 | 美女啪啪网站又黄又免费 | 丁香伊人五月综合激激激 | 岛国伊人 | 午夜精品影院 | 看全黄男人和女人视频 | 久久91精品国产91久久户 | 国产精品久久久99 | 国产成人啪精品视频免费网 | 亚洲欧美另类在线视频 | 欧美一级录像 | 国产免费爽爽视频免费可以看 | 成人欧美一级毛片免费观看 | 亚洲成人在线免费 | 国产精品视频999 |