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Investment is at the heart of Africa's needs. It is a continent with the fastest growing population, but receives less foreign direct investment (FDI) than any other emerging region.

There is a common misconception that Mainland China invests massively in Africa. The reality is that China's project finance in Africa is ten times larger. In other words, actual investment by China in Africa is much smaller than debt-generating flows.

Chinese investment in Africa is still at an early stage compared with that of European countries that have a colonial past in Africa, especially France and the United Kingdom. China's dominance is more obvious as acquirer of assets (M&A), but the bulk of FDI in Africa is greenfield and Europe remains the largest investor.

China's FDI into Africa is creates fewer jobs per unit of investment compared with its investments in other regions. For FDI to be welcomed and sustainable, its nature will need to change so as to create more jobs. In other words, China will need to refocus its investment towards manufacturing, which is more labor-intensive.

Companies hoping to compete in the African markets should keep a close eye on these trends. Without job creation, FDI into the continent might not be sustainable in the long term.

Join this roundtable luncheon to hear from Alicia Garcia-Herrero, Chief Economist for Asia Pacific at NATIXIS, who will share the findings and insights from her latest research titled: "China's investment in Africa: What the data really says, and the implications for Europe." She will also analyze in depth how the continent's population dynamics affect FDI.

Speaker(s) Alicia Garcia-Herrero, Chief Economist for Asia Pacific, NATIXIS
Alicia García Herrero is the Chief Economist for Asia Pacific at Natixis. She also serves as Senior Fellow at European think-tank BRUEGEL and non-resident Research Fellow at Madrid-based political think tank Real Instituto Elcano. She is currently Adjunct Professor at the Hong Kong University of Science and Technology. Finally, she is advisor to the Hong Kong Monetary Authority's research arm (HKIMR) and the Asian Development Bank (ADB) as well as a member of the board of the Hong Kong Forum and co-founder of Bright Hong Kong. As recognition of her leadership thoughts, she has recently been nominated TOP Voices in Economy and Finance by LinkedIn.
Language English
Date and Time 2019/09/18 12:30 to 14:00
Venue Chamber Theatre, 22/F United Centre
Media Closed to media
Enquiries German Cheung
Tel: 28231297
Email: german@chamber.org.hk
Fee Members @ HK$190 / Non-Members @ HK$400
+$50 for booking offline
This event accepts Chamber Coupon (terms and conditions)
Members enjoy 30% discount with BOC HKGCC VISA Card
Notes - Bookings are only confirmed upon receipt of payment, on a first come first served basis.
- Booking transfer is allowed for corporate members with advanced notice, walk-ins are normally not accepted.
- The Chamber reserves the right to decline any booking or cancel the event. In such case, a full refund of the participation fee will be issued.
- No refund will be made for last minute cancellations or no-shows. If the booking is cancelled at least 3 days before the event, and in such cases the refund will be subjected to a 10% administration fee, or HK$100 deduction, whichever is higher.
- Members paying with their BOC HKGCC Visa Card will enjoy a 30% discount on their reservation. The discount is only applicable to the card holder, and does not extend to their guests. The discount cannot be used in conjunction with Chamber Coupons.
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