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Chinese Investment Lowering Poverty Rates In Africa – Chad’s Moussa Faki Mahamat

Over the past 30 years, worldwide poverty has fallen sharply, from about 40 percent to below 20 percent, though this decline has barely been felt in Africa.

African countries have not had a substantial reduction in their poverty levels, though the massive Chinese investments around the continent are working to change that.

The Chinese government and various private Chinese organizations have instituted a lot of infrastructural projects around Africa, issuing numerous employment opportunities to the locals both directly and indirectly.

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Some of the projects that have been done by the Chinese in Africa include Tanzania’s Bagamoyo Port will become Africa’s largest port, capable of handling 20 million containers per year, South Africa’s new Modderfontein City, Nigeria’s Lagos-Calabar coastal railway, Kenya’s Standard gauge Railway, among many more.

Li Dongning caught up with the chairperson of the African Union Commission Moussa Faki Mahamat in Ethiopia to discuss the impacts of such Chinese projects.

She started by asking him which areas he thinks are most in need of Chinese investment.

 

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Written by PH

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