Mail & Guardian
Mail & Guardian
fdi in africa 2023latest news & developments
China has remodelled its African investment strategy, focusing on selective projects, co-financed deals, and debt restructuring, as Gulf states ramp up investments through sovereign-led funding, infrastructure expansion, and diversified acquisitions.
AFRICA DEVELOPMENT FINANCE

Gulf states channel billions into Africa as China revamps financial model

Gulf sovereign wealth funds are rapidly expanding in Africa, filling a financing gap left by China’s strategic pullback and reshaping the continent’s development landscape

  • Seth Onyango
5 min read