The Center for Strategic and International Studies published on 15 October 2021 a paper titled "China and SMEs in Sub-Saharan Africa: A Window of Opportunity for the United States" by Daniel Runde, Conor Savoy, and Janina Staguhn.
The paper points out that most of China's economic engagement (not investment) with Africa has been in the form of trade and loan financing for large infrastructure projects. While its foreign direct investment (FDI) in Africa has been growing, it remains modest. Chinese FDI in African-owned small and medium-sized enterprises (SMEs), either directly or through intermediaries, is even more limited. This provides an opening for American FDI.
