Donald Kaberuka, president of the African Development Bank (AfDB), has just returned from a visit to China whose principal aim was how to strengthen cooperation between the Bank and China. During the three-day visit between 3 and 6 February 2010, he and his Chinese hosts shared their views on the ways and means of improving that cooperation. The Bank’s president visited Beijing as well as Shengzhu,China’s centre for new technology. Continue reading
China increasingly is playing a crucial role in African economies. Two-way trade between China and Africa exceeded U.S. $106 billion in 2008 and Beijing is the leading trading partner with South Africa, the continent’s largest economy.
The role of Chinese finance is a key driver of this trend. Through diversification of instruments and sources it is setting the pace for Chinese engagement and concurrently providing a window into its changing approach to global finance. Continue reading