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Red-and-gold Chinese banners hang outside the headquarters of Djibouti’s free-trade zone, adding a splash of colour to the dusty desert gateway of this hugely ambitious project, the biggest of its kind in Africa. Inside the building, Chinese businessman Robin Li stands over a scale model of the free-trade zone, telling a Ghanaian delegation that the Chinese investors will control just 40 per cent of the project. “We leave the money behind,” says Mr. Li, the vice-president of China Merchants […]

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