All Eyes on Xi: the Chinese 60 Billion Dollar Question and the Problematic of African Development

Abstract

The highlight of the latest Forum on China-Africa Cooperation, held in South Africa in December 2015, was the pledge by the President of China, Xi Jinping, to grant African countries 60 billion US dollars in development assistance over the next three years. This article seeks to reflectively weigh the potential impacts of President Xi’s pledges on development in Africa in the short run and explore effective and viable strategies for making the most of these economic opportunities. It outlines traditional and innovative contractual models African and Chinese partners will be able to apply in order to achieve their stated development goals. These models include special economic zones, public-private partnerships, and resources-for-infrastructure contracts.

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