November 7, 2016 | BY: MOMENTUM SP REID SECURITIES
Strategic collaboration with Africa has become a priority in the global North, East, and West. Powers that once saw the African continent primarily as a source of raw materials now focus on “partnership” and “development,” following the lead of the U.S. African Growth and Opportunities Act (AGOA) in highlighting mutual benefits of investment and trade.
China, in particular, has rapidly increased its ties to the continent in recent years, with the Forum on China-Africa Cooperation (FOCAC), formed in 2000, as the primary institutional vehicle for its strategic engagement with sub-Saharan Africa, noted a recent Afrobarometer Dispatch entitled ‘China’s growing presence in Africa wins largely positive popular reviews’.
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