African countries find China’s loan conditions to be far less onerous than the IMF’s, and the Asian country is digging deep to fund social development and industrialisation on the continent, for a price
East Asia investing in Africa could prove the panacea to the regions’ parallel problems
Welcome to this “Looking East” edition of Africa in Fact on Africa-Asia relations. Last year, members of the GGA team paid a visit to Asia, and more specifically, to the Far East.
Chinese and Taiwanese textile and apparel factory owners have exploited an AGOA loophole, creating jobs in Lesotho, but still funnel most profits back home