{"id":21204,"date":"2023-09-12T08:00:00","date_gmt":"2023-09-12T06:00:00","guid":{"rendered":"https:\/\/ecomnewsafrique.com\/?post_type=news&#038;p=21204"},"modified":"2023-09-12T09:52:31","modified_gmt":"2023-09-12T07:52:31","slug":"africa-chinese-companies-won-31-of-infrastructure-construction-contracts-worth-50-million-or-more-in-2022","status":"publish","type":"news","link":"https:\/\/ecomnewsafrique.com\/en\/2023\/09\/12\/africa-chinese-companies-won-31-of-infrastructure-construction-contracts-worth-50-million-or-more-in-2022\/","title":{"rendered":"Africa: Chinese companies won 31% of infrastructure construction contracts worth $50 million or more in 2022"},"content":"\n  \n    \n      \nChinese companies won 31 percent of infrastructure construction contracts worth $50 million or more in Africa in the past year, compared to just 12 percent for their Western rivals, according to a report released on August 8. by Hinrich Foundation, a Singapore-based philanthropic foundation that works to promote sustainable global trade.\n\n    \n  \n\n\n  \n    \n      \nTitled &#8220;\u2009The drums echoing: Africa&#8217;s rising clout in global trade and geopolitics\u2009&#8221;, the report states that the rise of China in the field of infrastructure construction on the continent has increased since the launch of the &#8220;New Silk Roads Initiative (Belt and Road Initiative \/ BRI)&#8221; in the fall of 2013.\n\n    \n  \n\n\n  \n    \n      \nIn 1990, Western companies won 85% of infrastructure construction contracts in Africa. In 2013, Chinese companies only won 12% of these contracts, compared to 37% for Western companies.\n\n    \n  \n\n\n  \n    \n      \nThe report also reveals that the value of infrastructure projects built by China in Africa over the past two years has reached $155 billion. By comparison, US foreign direct investment in the continent was limited to $44.8 billion in 2021.\n\n    \n  \n\n\n  \n    \n      \nCiting a recent study by the consulting firm McKinsey, Hinrich Foundation also indicated that more than 10,000 Chinese companies are now operating in Africa. The combined revenues of these companies, which have invested $300 billion in the continent, are expected to reach $440 billion in 2025.\n\n    \n  \n\n","author":116,"featured_media":16694,"comment_status":"open","ping_status":"closed","template":"","tags":[990,1004,737,1606,1262],"location":[505],"class_list":["post-21204","news","type-news","status-publish","has-post-thumbnail","hentry","tag-china","tag-company","tag-construction-2","tag-diplomacy","tag-infrastructure-2","location-africa"],"short_url":"https:\/\/bit.ly\/3E9fMlS","have_related_news":"done","chapo":"China's rise to power in the area of infrastructure construction on the continent has accelerated since the launch of the \"New Silk Roads Initiative\" in the fall of 2013.","media":{"src":"https:\/\/ecomnewsafrique.com\/app\/uploads\/sites\/4\/2022\/07\/pexels-photo-273250-1-550x360.jpg","srcset":"https:\/\/ecomnewsafrique.com\/app\/uploads\/sites\/4\/2022\/07\/pexels-photo-273250-1-550x360.jpg 550w","sizes":"550px","alt":"pexels photo 273250 1","width":550,"height":360,"ratio":0.67,"credit_photo":""},"media-news-header":{"src":"https:\/\/ecomnewsafrique.com\/app\/uploads\/sites\/4\/2022\/07\/pexels-photo-273250-1-983x658.jpg","srcset":"https:\/\/ecomnewsafrique.com\/app\/uploads\/sites\/4\/2022\/07\/pexels-photo-273250-1-983x658.jpg 1170w","sizes":"1170px","alt":"pexels photo 273250 1","width":1170,"height":658,"ratio":0.67,"credit_photo":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Africa: Chinese companies won 31% of infrastructure construction contracts worth $50 million or more in 2022 - Ecomnews Afrique<\/title>\n<meta name=\"description\" content=\"Chinese companies won 31 percent of infrastructure construction contracts worth $50 million or more in Africa in the past year, compared to just 12\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ecomnewsafrique.com\/en\/2023\/09\/12\/africa-chinese-companies-won-31-of-infrastructure-construction-contracts-worth-50-million-or-more-in-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Africa: Chinese companies won 31% of infrastructure construction contracts worth $50 million or more in 2022 - Ecomnews Afrique\" \/>\n<meta property=\"og:description\" content=\"Chinese companies won 31 percent of infrastructure construction contracts worth $50 million or more in Africa in the past year, compared to just 12\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ecomnewsafrique.com\/en\/2023\/09\/12\/africa-chinese-companies-won-31-of-infrastructure-construction-contracts-worth-50-million-or-more-in-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"Ecomnews Afrique\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-12T07:52:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ecomnewsafrique.com\/app\/uploads\/sites\/4\/2022\/07\/pexels-photo-273250-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1120\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ecomnewsafrique.com\/en\/2023\/09\/12\/africa-chinese-companies-won-31-of-infrastructure-construction-contracts-worth-50-million-or-more-in-2022\/\",\"url\":\"https:\/\/ecomnewsafrique.com\/en\/2023\/09\/12\/africa-chinese-companies-won-31-of-infrastructure-construction-contracts-worth-50-million-or-more-in-2022\/\",\"name\":\"Africa: Chinese companies won 31% of infrastructure construction contracts worth $50 million or more in 2022 - Ecomnews Afrique\",\"isPartOf\":{\"@id\":\"https:\/\/ecomnewsafrique.com\/#website\"},\"datePublished\":\"2023-09-12T06:00:00+00:00\",\"dateModified\":\"2023-09-12T07:52:31+00:00\",\"description\":\"Chinese companies won 31 percent of infrastructure construction contracts worth $50 million or more in Africa in the past year, compared to just 12\",\"breadcrumb\":{\"@id\":\"https:\/\/ecomnewsafrique.com\/en\/2023\/09\/12\/africa-chinese-companies-won-31-of-infrastructure-construction-contracts-worth-50-million-or-more-in-2022\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ecomnewsafrique.com\/en\/2023\/09\/12\/africa-chinese-companies-won-31-of-infrastructure-construction-contracts-worth-50-million-or-more-in-2022\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ecomnewsafrique.com\/en\/2023\/09\/12\/africa-chinese-companies-won-31-of-infrastructure-construction-contracts-worth-50-million-or-more-in-2022\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\/\/ecomnewsafrique.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Africa: Chinese companies won 31% of infrastructure construction contracts worth $50 million or more in 2022\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ecomnewsafrique.com\/#website\",\"url\":\"https:\/\/ecomnewsafrique.com\/\",\"name\":\"Ecomnews Afrique\",\"description\":\"Toute l&#039;information \u00e9conomique des pays d&#039;Afrique\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ecomnewsafrique.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Africa: Chinese companies won 31% of infrastructure construction contracts worth $50 million or more in 2022 - Ecomnews Afrique","description":"Chinese companies won 31 percent of infrastructure construction contracts worth $50 million or more in Africa in the past year, compared to just 12","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ecomnewsafrique.com\/en\/2023\/09\/12\/africa-chinese-companies-won-31-of-infrastructure-construction-contracts-worth-50-million-or-more-in-2022\/","og_locale":"en_US","og_type":"article","og_title":"Africa: Chinese companies won 31% of infrastructure construction contracts worth $50 million or more in 2022 - Ecomnews Afrique","og_description":"Chinese companies won 31 percent of infrastructure construction contracts worth $50 million or more in Africa in the past year, compared to just 12","og_url":"https:\/\/ecomnewsafrique.com\/en\/2023\/09\/12\/africa-chinese-companies-won-31-of-infrastructure-construction-contracts-worth-50-million-or-more-in-2022\/","og_site_name":"Ecomnews Afrique","article_modified_time":"2023-09-12T07:52:31+00:00","og_image":[{"width":1120,"height":750,"url":"https:\/\/ecomnewsafrique.com\/app\/uploads\/sites\/4\/2022\/07\/pexels-photo-273250-1.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/ecomnewsafrique.com\/en\/2023\/09\/12\/africa-chinese-companies-won-31-of-infrastructure-construction-contracts-worth-50-million-or-more-in-2022\/","url":"https:\/\/ecomnewsafrique.com\/en\/2023\/09\/12\/africa-chinese-companies-won-31-of-infrastructure-construction-contracts-worth-50-million-or-more-in-2022\/","name":"Africa: Chinese companies won 31% of infrastructure construction contracts worth $50 million or more in 2022 - Ecomnews Afrique","isPartOf":{"@id":"https:\/\/ecomnewsafrique.com\/#website"},"datePublished":"2023-09-12T06:00:00+00:00","dateModified":"2023-09-12T07:52:31+00:00","description":"Chinese companies won 31 percent of infrastructure construction contracts worth $50 million or more in Africa in the past year, compared to just 12","breadcrumb":{"@id":"https:\/\/ecomnewsafrique.com\/en\/2023\/09\/12\/africa-chinese-companies-won-31-of-infrastructure-construction-contracts-worth-50-million-or-more-in-2022\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ecomnewsafrique.com\/en\/2023\/09\/12\/africa-chinese-companies-won-31-of-infrastructure-construction-contracts-worth-50-million-or-more-in-2022\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ecomnewsafrique.com\/en\/2023\/09\/12\/africa-chinese-companies-won-31-of-infrastructure-construction-contracts-worth-50-million-or-more-in-2022\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Accueil","item":"https:\/\/ecomnewsafrique.com\/en\/"},{"@type":"ListItem","position":2,"name":"Africa: Chinese companies won 31% of infrastructure construction contracts worth $50 million or more in 2022"}]},{"@type":"WebSite","@id":"https:\/\/ecomnewsafrique.com\/#website","url":"https:\/\/ecomnewsafrique.com\/","name":"Ecomnews Afrique","description":"Toute l&#039;information \u00e9conomique des pays d&#039;Afrique","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ecomnewsafrique.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/ecomnewsafrique.com\/en\/wp-json\/wp\/v2\/news\/21204"}],"collection":[{"href":"https:\/\/ecomnewsafrique.com\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/ecomnewsafrique.com\/en\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/ecomnewsafrique.com\/en\/wp-json\/wp\/v2\/users\/116"}],"replies":[{"embeddable":true,"href":"https:\/\/ecomnewsafrique.com\/en\/wp-json\/wp\/v2\/comments?post=21204"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ecomnewsafrique.com\/en\/wp-json\/wp\/v2\/media\/16694"}],"wp:attachment":[{"href":"https:\/\/ecomnewsafrique.com\/en\/wp-json\/wp\/v2\/media?parent=21204"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ecomnewsafrique.com\/en\/wp-json\/wp\/v2\/tags?post=21204"},{"taxonomy":"location","embeddable":true,"href":"https:\/\/ecomnewsafrique.com\/en\/wp-json\/wp\/v2\/location?post=21204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}