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Chinese intereste won’t be harmed The turmoil in Libya will not affect Chinese oil firms’ investment in Africa,and the decreasing asset valuation in the region may instead open up buying opportunities for domestic companies,Citigroup said on March 15.“The problem is only in Libya.Whatever the resolution of the political unrest is,we remain confident that Chinese assets and interests will not be affected in Africa,”Ade Ayeyemi,head of the Africa Division of Citibank’s Global Transaction Services,said.
Chinese intereste will not be harmed The turmoil in Libya will not affect Chinese oil firms’ investment in Africa, and the decreasing asset valuation in the region may instead open up opportunities for domestic companies, Citigroup said on March 15. “The problem is only in Libya. Whatever the resolution of the political unrest is, we remain confident that Chinese assets and interests will not be affected in Africa, ”Ade Ayeyemi, head of the Africa Division of Citibank’s Global Transaction Services, said.