`Belt & Road` initiative: China targets Kenya as the hub for Africa trade

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`Belt & Road` initiative: China targets Kenya as the hub for Africa trade

2015-10-09

 

Source: CNTV    Published: 2015-10-8

 

China plans the 21st Century Maritime Silk Road as a route linking Europe, Asia and Africa through the sea, and views Kenya`s two ports, Mombasa and Lamu, as important links to expand trade and connectivity with the African continent.


Over the past few years, Beijing has been advocating an increase in exchanges among African countries as well as their interaction with China. It is estimated that by 2014, China`s total investment on the continent surpassed $240 billion, and that number is increasing by an average of 16 percent each year. The major focus of Chinese investment is on infrastructure construction, especially on networks of railways, highways and regional aviation.


Other investment areas include the energy sector and manufacturing industry. The goal of these investments and projects, is to realize both the Chinese "One Belt, One Road" initiative and the revitalization and development of Africa.


Key Words: Belt and Road; Africa