China and Africa’s natural resources: the challenges for development and governance. Eldis.
Is Chinese demand for oil undermining governance efforts in Africa? China’s present economic foray into Africa’s natural resources thus emerges in this framework. Despite oil being by far its major import from that continent (at 26% of its total oil imports), imports of other minerals such as cobalt, manganese, copper and iron ore have risen sharply in recent years. To gain access to these minerals, China has loaned billions of dollars to African countries for infrastructure development in exchange for resources (i.e. the so-called ‘Angola mode’) with no conditionalities attached. China’s success in achieving a significant position in the continent’s natural resources market in a short period has raised concerns among Africa’s traditional development partners, who fear that China’s approach undermines their longstanding efforts to improve governance in the continent.
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