Chinese companies accounted for 31% of African infrastructure contracts valued at US$50 million or more in 2022, compared with 12% for Western firms, according to a new study. 

It is worth to be noted that in the 1990s, about eight out of 10 contracts to build infrastructure in Africa were won by Western companies.

The study found that Chinese infrastructure projects in sub-Saharan Africa totaled US$155 billion over the past two years. By contrast, total US foreign direct investment in Africa came to US$44.8 billion in 2021.

@asianomics