During the last Forum on China-Africa Cooperation (FOCAC), held in 2015 in Johannesburg, the Chinese President Xi Jinping pledged to provide a $60 billion funding for development projects in Africa over the following three years. The announcement was not unexpected. Since the FOCAC process began in 2000, with a summit held every three years, Chinese leaders have been constantly increasing the amount of loans and financial aid offered to African countries. According to figures cited at the Wharton Africa Business Forum held in autumn 2015, China’s investment in the continent has skyrocketed in recent years, increasing from $7 billion in 2008 to $26 billion in 2013. Xi claims that China aims to build a win-win relationship with Africa, by developing infrastructure, improving agriculture and reducing poverty in the continent....   leggi tutto

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