US EUROPE AFRICA ASIA 中文

China ups investment in Africa's bank sector

By Andrew Moody and Zhao Yanrong in Johannesburg ( China Daily ) Updated: 2013-03-26 08:05:27

China ups investment in Africa's bank sector

More locals putting their faith in safe havens: industry veteran

Banking is one of the sectors of the African economy in which China is emerging as a significant player.

The Industrial and Commercial Bank of China concluded the largest foreign direct investment deal in South African history six years ago when ICBC paid $5.5 billion for a 20 percent stake in Standard Bank, Africa's largest bank.

China ups investment in Africa's bank sector

Most Popular
Special
...