As Chinese President Xi Jinping once pointed out, “Inadequate infrastructure is believed to be the biggest bottleneck to Africa’s development.” Collectively, the countries of Africa would need to spend $130-170 billion per year to meet their infrastructure needs, but, according to the African Development Bank, they are coming up $68-$108 billion short. Closing Africa’s infrastructure gap has been the obsession of multiple waves of colonists,
"and China is the next in line to reach into the heart of the continent with railroads, highways, and airports."
ANS Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
