Perhaps because it did not have an opportunity.
He Yafei is vice-minister of the Overseas Chinese Affairs Office of the State Council said “China's activities are based on the needs of Africa and the principle of sovereign and business equality.” Very altruistic but we never expect a confidence trickster to confess to being a con-man while cheating you. http://www.scmp.com/comment/insight-opinion/article/1445328/unfair-paint-china-colonialist-africa
More than 2,000 Chinese companies have invested in over 50 African countries in areas ranging from finance, aerospace and manufacturing, to logistics and real estate, in addition to traditional sectors like agriculture, mining and infrastructure construction. Annual bilateral trade in 2012 topped US$200 billion while China's investment stood at US$21.23 billion. Meanwhile, African investment in China - from sovereign funds in South Africa, Nigeria, Gabon, Angola and others - has surpassed US$10 billion. Africa is one of the key suppliers of energy resources to China and investment in its energy resources is rising. China now imports over one third of its petroleum from Africa.
Indian companies have often lost out to Chinese firms in Africa. But they may have found a new ally to counter the Chinese in the continent - Japan. Indian firms sense that an alliance with Japan would allow them to access capital at a lower cost.
Noel Tata, Managing Director at Tata International and Chairman of the Africa committee at the lobby group Confederation of Indian Industry, said that Indian companies need funds at a cheaper rate to grow big in Africa and that this can come from a third country such as Japan. Indian companies aspire to capture almost seven per cent of Africa's IT services market, five per cent of fast-moving consumer goods market, 10 per cent of the power sector and two to five per cent of agriculture and allied services. http://businesstoday.intoday.in/story/india-inc-looks-at-japan-to-counter-chinese-influence-in-africa/1/204138.html
The new scramble for Africa- just different players.