Alexander Benard argues that the U.S. can out-invest China in Africa
In Christian Science Monitor, Schulze Global COO Alexander Benard argues that the United States can out-invest China in Africa if it begins to approach the continent more strategically.
The American brand in Africa…continues to be strong. US firms are known to provide the best quality and hire the most local workers. They are considered the least corrupt and the most considerate of the environment. And they are generally believed to complete initiatives on time and abide by their commitments. [But] competing against China’s cheap financing and low construction costs will require the effort of various US agencies, including the Overseas Private Investment Corporation, the Export-Import Bank, the Commerce Department, and even the White House.
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