Business should position itself for Chinese money

source: Sunday Standard
by Sunday Standard Reporter
10.03.2008 9:45:26 A

Martin Davies, a renowned expert on Africa-China relations, warned investors in Botswana to prepare Chinese sovereign wealth funds (SWF) which are chasing some investment opportunities across the African continent.

Speaking at a Stanbic Bank breakfast last week, Davies said China is using its sovereign wealth funds to assert its strategic interests.

“The Chinese see the current system as unfair and they are cutting the expensive middle man and are coming straight into Africa. In the next 15 to 20 years, we are going to see commodity market as we know it disrupted,” he said, referring to the commodities market which is set in European cities and United States of America.

In the recent past, China has poured money in a number of investment opportunities in Africa, including mining and banking sectors, in a bid to strategically position itself within the [continue reading]



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