China in Africa : FDI, Tax and Trends of the New African Geo-economics

This book highlights China’s engagement with Africa through trade, investment and financial linkages. Its three main goals are as follows: firstly, to provide insights into Chinese FDI in Africa, by exploring a range of infrastructural projects and several countries’ historical, geographical, socio-political, cultural and economic backgrounds; secondly, to present the main double taxation treaties with Beijing and country profiles of the African economies; and lastly, to provide a valuable business guide for recognizing and capitalizing on new opportunities in Afro-Eurasia. Introduction 5 Contents 7 1 Algeria 10 1.1 Country Profile 10 1.1.1 Introduction 10 1.2 History 11 1.2.1 Geography 12 1.2.2 Government 13 1.2.3 Culture 13 1.2.4 Economy 14 1.2.5 Regulations 18 1.3 Double Tax Agreement 20 2 Egypt 36 2.1 Country Profile 36 2.1.1 Introduction 36 2.1.2 History 37 2.1.3 Geography 38 2.1.4 Government 39 2.1.5 Culture 40 2.1.6 Economy 40 2.1.7 Regulations 45 2.2 Double Tax Agreement 47 3 Ethiopia 64 3.1 Country Profile 64 3.1.1 Introduction 64 3.1.2 History 65 3.1.3 Geography 66 3.1.4 Government 66 3.1.5 Culture 68 3.1.6 Economy 68 3.1.7 Regulations 72 3.2 Double Tax Agreement 74 4 Morocco 91 4.1 Country Profile 91 4.1.1 Introduction 91 4.1.2 History 92 4.1.3 Geography 93 4.1.4 Government 94 4.1.5 Culture 95 4.1.6 Economy 96 4.1.7 Regulations 98 4.2 Double Tax Agreement 100 5 South Africa 119 5.1 Country Profile 119 5.1.1 Introduction 119 5.1.2 History 120 5.1.3 Geography 121 5.1.4 Government 122 5.1.5 Culture 123 5.1.6 Economy 124 5.1.7 Regulations 127 5.2 Double Tax Agreement 127 6 Tunisia 144 6.1 Country Profile 144 6.1.1 Introduction 144 6.1.2 History 145 6.1.3 Geography 146 6.1.4 Government 147 6.1.5 Culture 148 6.1.6 Economy 148 6.1.7 Regulations 151 6.2 Double Tax Agreement 153 7 Zimbabwe 169 7.1 Country Profile 169 7.1.1 Introduction 169 7.1.2 History 170 7.1.3 Geography 171 7.1.4 Government 172 7.1.5 Culture 172 7.1.6 Economy 173 7.1.7 Regulations 177 7.2 Double Tax Agreement 177 8 China’s Investments in Africa 194 9 Belt Road Initiative 215