Tech sector could be next Chinese target investment in Africa

There is a general trend of decreasing foreign direct investment (FDI) in Africa. It fell by nearly 21 per cent in 2017, and a portion of that can be attributed to a reduction in Chinese FDI on the continent. This differential is even starker considering that China emerged so quickly as a key stakeholder in Africa; China issued an estimated $94.4 billion dollars in loans to finance more than 3,000 infrastructure projects across African between 2000 and 2015.

In the run up to the Forum on China-Africa Cooperation (FOCAC) this month, African leaders in both the public and private sectors were holding their breath to see what President Xi would deliver. FOCAC is perceived as the most comprehensive platform for collective dialogue and cooperation between China and African countries.