World Bank Pushing China to Open Factories in Africa
Special to the NNPA from the Global Information Network
The World Bank has opened talks with Chinese trade officials in an effort to bring labor-intensive manufacturing jobs to Africa, the Wall Street Journal reported.
There are currently 85 million low-value manufacturing jobs (cheap clothing, toys and electronics) in China, out of a population of 1.3 billion, and only 10 million low value jobs in all of Africa, population one billion.
For decades, Africans have produced what they do not consume and consumed what they do not produce, observed Andrew Rugasira, a Ugandan entrepreneur, speaking to the Journal.
While manufacturing in China has peaked, according to some experts, jobs have been moving not to Africa but to other Asian countries, such as Vietnam and Bangladesh. Africa accounts for just 1 percent of global manufacturing, compared with Asias 25 percent, according to the WSJ.
Meanwhile, China has embarked on a vocational school-building project in Rwanda. The school will offer classes in construction and building services (plumbing and welding), agriculture, ICT and electronics.
The school will offer training in construction, plumbing &welding, agriculture and food processing (especially in bamboo, meat and fruit processing), ICT and electronics. It is scheduled to open in 2013.
Latest Stories
- Roseland Ceasefire Encouraged by Decrease in Gun Violence Despite Federal Cuts
- ALDERMAN STEPHANIE COLEMAN TO BE JOINED BY MAYOR BRANDON JOHNSON, U.S. CONGRESSMAN JONATHAN JACKSON, AND VARIOUS ELECTED LEADERS IN KICKING OFF THE FIFTH ANNUAL ENGLEWOOD MUSIC FESTIVAL
- RainbowPUSH Coalition and The Church of Jesus Christ of Latter-day Saints to Distribute 2,000 Bags of Food to Families in Need on Saturday
- Rainbow PUSH Coalition Urges Americans to Unite in Prayer, Solidarity, and Denouncement of Violence on the 24th Anniversary of the 9/11 Terrorist Attacks
- MATTESON MAYOR TO BECOME THE FIRST AFRICAN AMERICAN WOMAN TO HEAD THE ILLINOIS MUNICIPAL LEAGUE
Latest Podcast
Quandra-Urban Market Exchange
