Africa retained its position as the leading destination for the Belt and Road Initiative investment in the first half of this year, attracting $33.5 billion in Chinese investment, up 254 percent from the same period last year, as manufacturing and energy projects gathered pace amid shifting global trade dynamics.
A report, jointly published by the Green Finance & Development Center at Fudan University in Shanghai and the University of Queensland Business School in Australia, said Africa’s strong performance was driven by increased investment in manufacturing, energy and infrastructure.
Ethiopia recorded the largest growth in BRI engagement globally, attracting more than $18.9 billion.
The East African country has secured the world’s largest Chinese energy investment through green energy development agreements worth more than $14 billion between the Ethiopian…
