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China's "One Belt,One Road" Initiative,and Its Impact On Infrastructure In Sub-Saharan Africa

Posted on:2019-12-10Degree:MasterType:Thesis
Country:ChinaCandidate:Jimmy KondeFull Text:PDF
GTID:2429330542484704Subject:International Business
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China's extensive One Belt,One Road Initiative aims to create new trade routes and connect Asia,Africa and Europe with a network of large infrastructure projects.The purpose of this research is to identify,analyse and examine the impact of the OBOR initiative in Africa,specifically in Kenya,and discuss how Kenya will tackle present challenges in infrastructure and benefit from the initiative.Within this research question,my study will also explore OBOR's main achievements for the future from a humanitarian point of view,and analyse how the OBOR policy will affect the geostrategic and economic relationships between the main superpowers of the world.To understand Africa's underdevelopment and slow economic growth,it is essential to understand its past,present and future.After analysing Kenya's infrastructure sector,the research turns to evaluate its challenges and achievements with suggestions for the future.The inadequate infrastructure hinders Kenya from attaining its sustainable growth potential.Trade infrastructure could bridge the infrastructural deficit and boost the Kenyan economy and other developing countries while China seeks to venture into new markets and boost its GDP by boosting trade.Kenya will certainly benefit from the transformation,increase cross-border trade,employment creation while accelerating the modernisation and industrialisation progress in the continent.The research concludes by exploring possible ways on how countries in SSA can realise its full growth potential,with focus on Kenya.This paper utilised a descriptive and exploratory research method with the help of secondary data collection to support the findings.The main findings were that countries in this region have a focus on building instead of maintaining,and therefore suggests that the government needs to commit more funds towards short-term infrastructure development projects.To brigde Kenya's infrastructure gap,the government will require sustained expenditure of roughly $4 billion annually over the next decade to keep up with the economic growth.
Keywords/Search Tags:????, "One belt,One Road", Kenya, Infrastructure, Africa, Sub-Sahara, FDI, China,Africa relations
PDF Full Text Request
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