China firms earn 20pc profit on local investment annually

Chinese firms operating in Kenya and Africa are making annual returns of over 20 per cent with more than half taking less than three years to earn back their initial investment, a new survey shows.

McKinsey & Company says in a report on Sino-African trade and business partnership that a third of the surveyed firms operating on the continent reported returns of over 20 per cent in 2015, with manufacturing and services firms the most profitable due to the gaps in these sectors in the region.