Chinese business is rapidly expanding in North Africa
Healy Consultants Group PLC
24 June, 2016
Having influence in resources-rich north Africa is detrimental for both local countries, and foreign investors. Just this month, we found out that China will build the first ever nuclear power plant in Sudan. This important feat benefits both the growing demands of the developing country, as well as boost Chinas influence in the region, leaving its own energy footprint.
According to Bloomber, the reactor will boast high capacity of almost 3,000 megawatts, which are more than enough to meet Sudans needs in the next decade. Such projects are targeting Argentina, Pakistan and Kenya, making China a prominent player on the global nuclear energy sector.
But Sudan is not the only north African country to benefit from the Chinese business expansion. Moroccos Kind Mohammed VI and the Chinese President Xi Jinping signed off an important deal early May this year, bringing many more business option on the bilateral table. Important areas of communicating will include: renewable energy, ocean fishery, IT communications and large infrastructural projects.
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