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Macau Periodical Index (澳門期刊論文索引)
- Author
- Nwachukwu, Francis C.
- Title
- Is the Belt and Road Initiative in Africa sustainable?
- Journal Name
- The Journal of the Macau Ricci Institute
- Pub. Info
- Jun. 2019, No. 4, pp. 98-110
- Link
- http://mrijournal.riccimac.org/articles/issue_04/MRI_Journal_Issue_Four.pdf
- Abstract
- In 2000, the China-Africa relationship was further strengthened with the establishment of the Forum on China-Africa Cooperation (FOCAC). The FOCAC offers a platform for consultation and cooperation mechanisms aimed at deepening diplomatic, security, trade and investment relations between China and African countries. Later came the Belt and Road Initiative (BRI) in 2013, an international trade network initiated by China that connects the three continents of Asia, Europe and Africa. The BRI focuses on the following key areas: cultural exchange; policy coordination; facilities connectivity; trade and investment; and financial integration. The BRI shares development objectives similar to those of the United Nations’ Sustainable Development Goals (SDGs). In fact, the BRI implements part of the SDGs and provides a practical mechanism to strengthen the Sino-Africa relationship, which Africa can leverage to meet its Sustainable Goals. Africa is linked through the “Road” of the BRI plan and has received infrastructural projects funded by China to facilitate trade and integration of the national economies along the trading route. Through the establishment of Economic and Trade Zones which attracts investments from Chinese companies, and building infrastructures such as sea ports and railways, China through the BRI framework is helping Africa meet UN SGD Goal 9 concerning industry, innovation and infrastructure. A practical effect is that the BRI is helping African countries overcome the infrastructure gap, create jobs, acquire skills and promote integration between countries. Paragraph Headings: 1. Is the Belt and Road Initiative in Africa sustainable? 2. The Belt and Road initiative 3. Sustainability of Belt and Road in Africa 4. Key elements and challenges 5. Benefits of BRI Linked Investments 6. Challenges 7. Conclusion Tables: 1. BRI projects in East Africa (Chen, 2018; Sow, 2017; Xinhua, 2018) Figures: 1. The Belt and Road routes (Yamada & Palma, 2018) 2. UN 17 Sustainable Development Goals 3. Bagamoyo Special Economic Zone (Barnes, 2014)