www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
World / China-Africa

Chinese construction firms are darlings of East Africa

By Lucie Morangi (chinadaily.com.cn) Updated: 2016-02-15 21:25

Audit and financial advisory firm Deloitte is to release its fourth Africa Construction Trends report on Wednesday.

Prepared by the international firm's Southern Africa office, the report monitors progress on capital intensive infrastructure projects in the continent. Transport and energy projects have dominated previous reports but last year saw an increased focus on the former, which governments view as key catalyst for economic growth.

In the third report released in early March last year, Chinese firms came out as the darlings of East African countries by building 31 percent of the 51 projects under review in the region. This translated to about 16 projects while European and Americans companies build only nine.

China surpassed Western firms who previously clinched top position in 2013. This translated to about $19 billion worth of projects.

Deloitte Director for Infrastructure and Capital Projects (Kenya) Gabriel Ouko termed China's jump from 19 percent in 2013 a big increase.

"The Chinese government and companies have increasingly looked at the African market as an attractive and fast growing market with good returns for their investment and large surpluses. Africa has some of the fastest growing economies in the world and will remain attractive for anyone looking for a good return," he said.

While noting a decline in the number of total projects from 322 in 2013 to 257 in the year under review, the total value of projects under construction had increased by 32 percent to $326 billion from $223 billion in 2013.

For projects to qualify, they must be valued at more than $50 million and have broken ground, but not been commissioned as at 1 June 2014.

Overall, European and Americans continued to dominate the African construction sector. The 2014 report showed that Western countries dominated in funding, ownership and were responsible for building projects worth more than $50 billion.

International development finance institutions accounted for 26 percent of funding, the United States 10 percent, China 7 percent and Europe 3 percent.

In ownership of such projects, African governments accounted for 52 percent, Western countries 13 percent and domestic private companies 24 percent, double the figure in 2013, suggesting indigenous firms are coming of age. Chinese concerns had a total stake of 1 percent in the 257 projects reviewed.

Analysts predict China's visibility in the construction sector to grow. According to Kwame Owino, chief executive of the Institute of Economic Affairs, an economic think tank in Kenya, China is a late comer that has smartly capitalized on Africa's infrastructure deficit. "It was not until the 1990s that its companies ventured out of their country. They immediately identified Africa's construction sector as an easy target or low-hanging fruit,” said Owino.

Mary Kipkemoi, an economic lecturer at Strathmore Business School, said looking east has been more lucrative to the region. "China offers man power, funds and even builds and operates the assets," she said.

Trudeau visits Sina Weibo
May gets little gasp as EU extends deadline for sufficient progress in Brexit talks
Ethiopian FM urges strengthened Ethiopia-China ties
Yemen's ex-president Saleh, relatives killed by Houthis
Most Popular
Hot Topics

...
主站蜘蛛池模板: 国产成人综合网在线观看 | 国产精品亚洲精品久久成人 | 欧美成人午夜影院 | 美女黄色免费在线观看 | 日韩美视频网站 | 国产欧美久久久另类精品 | 欧美成人性做爰网站免费 | 中文字幕亚洲综合久久男男 | 九九全国免费视频 | 亚洲碰碰| 久久99精品一级毛片 | 日韩一区二区在线免费观看 | 中文字幕国产欧美 | 亚洲第一综合网站 | 久久久久日韩精品无 | 成年人网站在线观看免费 | 日本韩国一级毛片中文字幕 | 免费91最新地址永久入口 | 一区二区三区视频免费观看 | 亚洲第一欧美 | 精品在线播放 | aaa一级| 中文字幕一区二区在线观看 | 亚洲精品国产男人的天堂 | 中文字幕乱码系列免费 | 欧美做a一级视频免费观看 欧美做爱毛片 | 美女张开腿让男人操 | 毛片天堂 | 久久中文字幕久久久久 | 黄网在线观看免费网站台湾swag | 精品国产96亚洲一区二区三区 | 91香蕉成人免费网站 | 国产二区三区 | 伊在人香蕉99久久 | 欧美a欧美1级 | 亚洲精国产一区二区三区 | 日本午夜vr影院新入口 | 日本久操 | 精品国产杨幂在线观看福利 | 日韩三级一区二区 | 日本高清免费视频色www |