Chinese consumer brands flood into Africa as old investment model fades and exports jump 28%
Industrie
Chinese business dealings in Africa, once dominated by state-owned enterprises, are now increasingly shifting toward consumer products from the private sector. While Africa's faster-growing economies, such as Kenya, Uganda and Zambia, see annual growth rates of 4.8%, 6.4% and 5.8%, respectively, the GDP of the overall continent's 50-plus countries is 4.1%. That is according to IMF's economic outlook report last month. Chinese investments in Africa's resource-intensive sectors have declined by
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