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Economics & Trade

China criticized over Africa investment

China has been accused of ignoring good governance in Africa in order to exploit the region’s natural resources, AP reported. African Union trade policy expert Festus Fajana spoke out at a summit in Cape Town, a week after a state-owned Chinese oil company closed a US$7 billion deal with the government of Guinea, who have been widely criticized for human rights abuses. Fajana said that partnership between China and Africa should be "of equality, mutual respect and mutual benefits." He also said that Chinese companies should focus on both human and economic development when investing in Africa. "China seems to be ignoring the issue of good governance," Fajana said.

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