INVESTMENT
China leads charge to promote sub-Saharan infrastructure
A range of foreign operations are expected to begin investing in sub-Saharan infrastructure development, with Chinese construction companies firmly in the dominant position.BMI Research, a Fitch group company, says the region will provide investment opportunities across several sectors including transport, power and industrial construction.In its outlook for sub-Saharan African infrastructure in 2017, it says as governments work to overcome logistical shortcomings to support infrastructure development better, China will continue to dominate financing flows to the region and provide support for project financing, construction and operations. BMI says this comes as China presses ahead with international expansion plans to offset overcapacity in its domestic construction industry.African governments welcome the cheap credit lines offered by Chinese companies. The slump in commodity prices has slowed economies such as Nigeria, Angola and Mozambique. Prices have started firming since 201...
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