(THIS ARTICLE IS COURTESY OF FORBES)
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Mr. Harris is CEO of Harris Africa Partners LLC and was senior director for Africa at the White House from 2011-2015.
It is old news that China has aggressive commercial ambitions in Africa, but fresh numbers reveal the depth of China’s success—and raise the stakes for U.S. dithering.
A recent Ernst & Young report shows that China more than doubled its foreign direct investment (FDI) projects in Africa in 2016, and that the value of these projects outweighs U.S. investments by a factor of 10. Moreover, China’s Commerce Ministry recently announced that China-Africa trade increased by 16.8% year-on-year in the first quarter of 2017. As…
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