Manufacturing Capacity in Africa
"Manufacturing capacity has declined in some parts of Africa as trade barriers dip and global competition rises, especially from
- Chinese are investing in key infrastructure projects in Africa
- The Chinese promised to double Africa’s aid and offered $5 billion in new loans
- One Chinese company will build an $8.3 billion railroad project in Nigeria, to be paid for with the country’s oil revenue
- China’s trade with Africa, which reached $40 billion in 2005, is expected to hit $100 billion by 2010.