November 2013
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278 Reads
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 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.