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Africa-Asia ties flying high

January 15, 2010

AFRICA-CHINA/RISKSInvestment from China and other Asian countries was an important factor in several years of unprecedented growth in Africa before the global downturn hit.

It is very much seen as a critical driver for Africa’s future growth prospects as well.

China has repeatedly emphasised its commitment to Africa through the global troubles and is emerging even more solidly implanted on the continent now. Other Asian countries are also pushing hard, as a recent high-level Indian visit showed.

As one of the main links between Africa and Asia, Ethiopian Airlines offers an interesting indicator as to how the ties have held up and are expected to grow.

Early last year it was talking of cuts, but it is now at 14 flights a week to China and 12 to India. It is planning flights to more destinations in both countries.

Unlike many airlines elsewhere, it also managed to double its profits in its last business year.

Picture: A visitor walks past a map of Africa at the African Development Bank meeting in China in 2007. REUTERS/ Aly Song
Comments

The Lift off in the Africa GDP Rate is entirely correlated to the Hyper Growth China [and Asia] Africa Trade Curve. The Continent has turned East and the Airline Frequencies are very clear fingerprint evidence of the same.

Aly-Khan Satchu
http://www.rich.co.ke

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