Private Sector Is Increasingly Driving Chinese Investments in Africa, Veteran Banker Says
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Private companies are increasingly driving Chinese investments in Africa, drawn by the continent’s abundant natural resources and growth opportunities in various sectors, Cheryl Buss, head of the international operations of a pan-African banking group, told Caixin in a recent interview.
“In the past, we’ve seen — as per the Chinese strategy and the Belt and Road Initiative — a lot of growth (in investment) and development (in Africa) was around (Chinese) state-owned entities,” said Buss, CEO of Absa International. “They led the charge, and they were largely supported by the Chinese government.”

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