BRICS countries are emerging as major sources of global outward FDI; with their outward FDI flows rising
from US
126 in 2012 (UNCTAD, 2013). Although a large proportion of the FDI flows
are directed at developed countries, investment by individual BRICS countries in Africa is beginning to grow,
with BRICS countries joining the rank of the top 5 countries investing in
... [Show full abstract] Africa (UNCTAD, 2013). This paper
draws from the accounts of successful Incumbent entrepreneurs in Kenya, Zambia and Tanzania in exploring
how the growth of Chinese investment and trade has impacted these countries and how the different
stakeholders are responding to this changing environment. The findings of the research indicate the China’s
involvement in Africa has had both positive and negative impacts on the local communities. The paper
concludes by arguing that it is too early to judge whether China has been good or bad for Africa.
