Africa, China talk business
GOVERNMENT| July 19, 2012, 10:07 a.m.
Government Ministers from 50 African countries have gathered in China for high-level talks on cooperation between China and Africa.
The 5th Ministerial Forum on China-Africa Cooperation (FOCAC) conference is now underway in Beijing, where trade, investment and strategic partnerships are in the spotlight.
FOCAC is described as “a platform for collective dialogue and an effective mechanism for practical cooperation between China and African countries.” This year’s event is expected to to chart the course for China-Africa cooperation in various fields in the three years from 2013-2015.
Tanzanian Foreign Minister Bernard Membe, in Beijing for the forum, noted that most African countries depend greatly on Chinese loans and grants for their development, while Rwandan Foreign Minister Louise Mushikiwabo said Africa intends to take advantage of China's support.
According to Chen Deming, China's Commerce Minister, China-Africa trade hit a record high of USD166.3 billion in 2011. He stated that China's investment in Africa reached USD14.7 billion by the end of 2011, with over 2,000 Chinese businesses located in the region.
In the lead-up to the forum, which opened today, China’s Vice Foreign Minister Zhai Jun said at the Forum on China-Africa Financial Cooperation hosted by the Export-Import Bank of China last week that the Ministerial Conference is of great significance for the continuation and further development of China-Africa relations, and has received high attention from both sides.
He noted that past few years had been the most robust period for China-Africa high-level exchanges.
“The development of China-Africa relations in recent years is not the development of relations with just one, two or a few African countries. Rather, it has been the comprehensive development of our relations with all friendly African countries.”
He noted that since 2006, China's grant assistance, interest-free loans and preferential loans to Africa have increased steadily. It has trained more than 30,000 professionals in various sectors for Africa and offers 5,000-plus government scholarships annually. For three consecutive years since 2009, China has remained Africa's largest trading partner.
MORE GOVERNMENT NEWS
August is Science, Technology and Innovation MonthBotswana’s Minister of Infrastructure, Science and Technology (MIST), Hon. Nonofo Molefhi will officially launch the Science, Technology and Innovation (STI) month on Tuesday. Read More
US President hails Kenya for leading innovation in the regionThe US government has hailed Kenya for setting good example on how technology can change way of doing business. Read More
Ghana’s Vice President opens MOBEX15 in AccraThe Vice President of the Republic of Ghana, Kwesi Bekoe Amissah-Arthur, has officially opened the first Africa Mobile and ICT Expo dubbed #MOBEX15 in Accra. Read More
Experts seek e-governance to check graftICT experts have urged the adoption of electronic or e-government at all levels to prevent the stealing of public funds. Read More
Khama points to ICT for drop in tourist numbersBotswana’s Minister of Environment and Tourism, Tshekedi Khama, said the tourist numbers into the country continue to plummet largely because of poor ICT development in that sector as well as unreliable air service. Read More
Botswana Ministry introduces e-nnovationBotswana’s Ministry of Youth, Sport and Culture (MYSC) is developing ways of getting the local youth to chart the technology waters by coming up with programmes that allow the them to be innovative for the benefit of the nation. Read More
Ghana to build largest data centre in West AfricaThe Ghana government, through the Ministry of Communications, is currently constructing what it believes will be the largest data centre within the West African sub region. Read More
‘Why NCC must intercept your phone calls’Nigeria’s telecom sector regulator, Nigerian Communication Commission (NCC) said it is seeking legal backing to intercept the calls of subscribers to protect them and ensure the security of the nation. Read More
Safaricom dominance under discussion in ParliamentA bill aimed at levelling Kenya’s telecommunications sector by declaring leading operator, Safaricom, as dominant in the industry, is now in Kenya’s parliament. Read More
FEATURED STORYKenyan SACCOS riding on innovation to attract customers
As confidence in mainstream banks remains low due to prohibitive interest rates, customers are embracing Savings and Credit Cooperatives (SACCO) as an alternative.
BEST READ NEWS
IN DEPTHAs curtain falls on MDGs, what next?
Dr. Bjorn Lomborg, president of the Copenhagen Consensus Centre, speaks to Biztechafrica about setting smart targets.