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Abstract

There are growing body of studies on the impact of Asian and European states’ businesses on Africa. These studies have informed policy makers and political analysts of certain narratives behind developed countries investment in Africa. These narratives have been instigated by some actors in the West as a ploy to devalued investors from the Asian countries especially Chinese’s investment. Evidently, the investment of China in Africa has given the continent another positive image and hope in area of technological transfer and emerging markets for other states. The negative narratives against Asian’s countries particularly China engagement in Africa seem to blindfold the positive effects of the Sino-investment in the continent. Against this thought, this piece investigates the positive impact of Sino-Afro engagement with the aim to intensify the relationship; and also, to downplay unnecessary anecdotes. This investigation relies on documentations, global statistics and extant literature that enveloped the subject matter. However, the paper revealed that there is huge technological transfer that has affected the level of businesses in Africa. On a general note, the paper recommends the need to strengthen institutions in Africa in order to maintain the Sino-Afro engagement towards attracting more investments; and intensify man power development.

Keywords

Africa China Investment Technologies Advancement Development

Article Details

How to Cite
OBAH-AKPOWOGHAHA, N. G. (2022). CHINA’S INVESTMENT AND AFRICAN TECHNOLOGICAL ADVANCEMENT: CHALLENGES AND PROSPECT. JOURNAL OF ECONOMICS AND ALLIED RESEARCH, 7(3), 94–107. Retrieved from https://jearecons.com/index.php/jearecons/article/view/243