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China in Africa: The Real Story

US-China-Africa Cooperation Case Studies

Deborah Brautigam


 
Here in Washington, I am asked a lot by people at USAID and the World Bank: why is it so hard to cooperate with China in Africa? Usually the person asking the question has in mind doing a foreign aid/development project together. It's not always clear exactly what the purpose of such cooperation is -- and I suspect that usually the subtext is "we need to teach the Chinese how to be better donors." I am collecting examples of US-China-Africa cooperation that already exist. Usually these are commercial deals where cooperation has a business rationale. This is an excellent, and more sustainable way to go.

Here's the kind of example I'm looking for:
China, Ethiopian Airlines to finance purchase of Boeing Aircraft by reporter Kaleyesus Bekele: This deal is still at an early MOU stage, but as the article notes, if it goes forward, it would involve a financing facility of $500 million from China's largest bank, ICBC, provided through a leasing vehicle, to Ethiopian Airlines, so that they could buy Boeing aircraft. Boeing, a US company, and China are "old friends". According to Boeing, more than 50 percent of the commercial jetliners operating in China are Boeing airplanes. Apparently ICBC has already been involved as a junior partner in another aircraft financing deal for the B777-200LR freighter in Ethiopia. This marks additional maturing of the China-Africa financial relationship. And it's the kind of tripartite cooperation that's likely to endure.

If anyone knows of other examples like this, please contribute.

A h/t to the Centre for Chinese Studies, Stellenbosch University.
ICBC was already a junior loan partner in the B777-200LR freighter deal - See more at: http://www.geeskaafrika.com/china-ethiopian-airlines-to-finance-boeing-aircraft-purchases/3456/#sthash.U2mbfXvn.dpuf