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When a deficit becomes a big plus

         Date: 2015-06-15

           Tag: China-Africa Investment

Summary: China has a competitive edge in infrastructure construction in Africa, so Chinese companies do not necessarily need to diversify into other sectors, says Ekwee Ethuro, the speaker of the Kenyan Sena…

China can cash in on shortage of infrastructure and it  has a competitive edge in infrastructure construction in Africa, so Chinese companies do not necessarily need to diversify into other sectors, says Ekwee Ethuro, the speaker of the Kenyan Senate. Instead they should be looking for a long-term future in infrastructure, he says.

Speaking from his offices in Kenya's Parliament Buildings, the first speaker of the senate says the huge infrastructure deficit in Africa provides a great opportunity for China.

First speaker of Kenya Senate Ekwee Ethuro says that China has a competitive advantage in Africa's infrastructure sector and does not therefore necessarily need to diversify into other sectors. Instead, it should invest in this sector for the long haul, he says. 

"This is an investment for the next 50 years for China, and it should not lose this by diversifying," says Ethuro, who is also an economist.

China's engagement with African governments gives it a head start in clinching more infrastructure deals, he says.

"The continent will indeed benefit from China's technological advancement and thus will be happy with continued engagement."

 

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