Africa: In Trade with Africa, U.S. Playing Catch-up

opinion

The U.S. may be a global superpower, but when it comes to trade and investment in Africa, it lags far behind. China, with $200 billion in trade with the continent, more than doubles that of the U.S. That means that while Africans paid attention to the U.S. presidential election, they were much more concerned by a slowdown in China's economy.

"U.S. dynamics are far less important to us than what's happening in China," said Francois Conradie, head of research at NKC African Economics, a South African subsidiary of Oxford Economics based in Cape Town. "The biggest risk for us is Chinese demand slowing down sharply."

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.