Why Chinese construction firms will remain the big builders in Africa

//Why Chinese construction firms will remain the big builders in Africa

Why Chinese construction firms will remain the big builders in Africa

Price-competitive Chinese companies are expected to continue to dominate construction of Africa’s power dams, highways, ports and railways, even as China’s official export credit agency takes a more cautious approach to lending, observers say.That outlook was reinforced earlier this week when state-owned China Communication Construction Company (CCCC) won a US$166 million contract to build a 453km (281-mile) road as part of a megaproject linking Kenya with Ethiopia and South Sudan.The contract…

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By | 2021-04-25T22:00:08+00:00 April 25th, 2021|World|Comments Off on Why Chinese construction firms will remain the big builders in Africa