The NTU-SBF Centre for African Studies, a joint initiative between the Singapore Business Federation (SBF), Africa Business Group (AfBG) and the Nanyang Technological University (NTU), is pleased to invite Singapore companies to the seminar on “The BRI and the AAGC as stimulants for Business Development in Africa”, organised in conjunction with the visit of the Centre’s Visiting Research Fellow, Dr Tjiurimo Alfredo Hengari, who is from Namibia.
The Belt and Road Initiative (BRI) has created a lot of hype since its announcement in 2013 by the President of China, Mr Xi Jinping. More than 60 countries are involved, with a strong focus on infrastructure, ICT, trade and cultural ties. More than 3 years after the announcement of the BRI, the prime ministers of India and Japan announced the Asia-Africa Growth Corridor. Although spokespeople for the AAGC have stated that it is not set up to be a competitor for the BRI, it does seem to be. The BRI mentions Africa as an afterthought, with only 3 countries directly identified, i.e. Kenya, Djibouti and Egypt. However, there are numerous bilateral and multilateral agreements between China and Africa in place, which creates the means for Africa to become involved. The AAGC, in contrast, has Africa as a specific focus. This seminar will compare the two mechanisms and identify potential business implications for African countries.