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On Tuesday, China pledged to invest $14.7bn in South Africa and grant loans to Eskom and SAA. While this investment brings the country closer to President Ramaphosa’s target to raise US$ 100 billion in foreign direct investment, some argue that China’s intentions are not what they seem.
Most of sub-Saharan Africa’s cities are ill prepared for the rapid and dramatic population increase that will occur by 2035. For decades to come, sub-Saharan Africa’s economic and social future will be shaped by one of the most important megatrends on the continent: urbanisation.
Over the last eight years, travel and tourism has grown by 17.3% in the top ten fastest-growing global destinations. This rate speaks to the rapid growth of tourism and how the industry, and an increasing priority for countries seeking for new growth opportunities. In emerging markets tourism grew from 30% in 1980 to 45% in 2015 and is expected to reach 57% by 2030.
Kevin Pillay | Vice President for Mobility | Siemens Africa | Kevin.Pillay@Siemens.com | https://www.siemens.com/za/en/home.html |Despite the continent’s transport infrastructure lagging behind global standards for decades, Africa...