Africa, China talk business

GOVERNMENT

|
Image: China’s Vice Foreign Minister Zhai Jun . By BiztechAfrica
China’s Vice Foreign Minister Zhai Jun

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. 



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE GOVERNMENT NEWS

Ghana moots lifting of smartphone import tax

The Government of Ghana is set to consider the lifting of import tax duties on smart phones.  Read More

Broadband ‘boosts growth’

Every economy today requires broadband for growth and prosperity, says Joseph Tiampati, Principal Secretary in the Ministry of Information, Communications and Technology. Read More

CAK: all systems go for Universal Service Fund

Kenya's long-awaited Universal Service Fund has finally become a reality and it aims to bridge the digital divide. Read More

Khama spells out ICT roadmap in SONA

In his first National Assembly address after his reelection, Botswana President Ian Khama told the nation that the implementation of the National Research, Science, Technology and Innovation policy (RSTI) has started. Read More

Ghana to launch first phase of National Fibre Network soon

The Government of Ghana is expected to officially commission the completion of work on the fibre optic network connecting the eastern corridor linking Ho in the Volta region and Bawku in the Northern Region of the country by the end of December this year. Read More

Botswana streets to come under surveillance

Selected streets in both big and small cities as well as villages will be under the permanent glare of video surveillance according to recent reports.  Read More

NIPOST facilities to deepen digital transactions

Nigeria’s Ministry of Communications Technology has said the infrastructure of the Nigerian Postal Service (NIPOST) would be deployed to boost digital transactions in the country, especially mobile money services. Read More

US$240 million to create Congo-Brazzaville’s digital economy

Congo-Brazzaville needs 119 billion FCFA (about US$240 million) to create a powerful and competent digital economy. Read More

African, Norwegian leaders discuss accelerated infrastructure development

More than 400 African and Norwegian leaders, including 30 ambassadors from Norway and Africa, discussed how to accelerate African infrastructure through Norwegian-African work, trade and growth at the Norwegian-African Business Summit in Oslo. Read More

Techno Brain introduces SMS Passport Service

Techno Brain has designed, developed and installed a Bulk SMS System for PIS Passport status query for  the Malawi Government’s Immigration Department.  Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionSage HR AfricaMTN BusinessSchneider ElectricMultichoice

FEATURED STORY

GSMA: half a billion mobile subscribers in SSA by 2020GSMA: half a billion mobile subscribers in SSA by 2020

The number of unique mobile subscribers in Sub-Saharan Africa will pass the half billion mark in 2020, says a new GSMA report.

IN DEPTH

Africa lags on digital migration Africa lags on digital migration

Only three African countries have so far completed the digital migration process, and serious issues are hampering the migration in other nations.  

COMPANY NEWS

VMware Study: Businesses can Take Three Weeks to get Employees Mobile-Ready

EMEA businesses say concerns over trust, ownership and delivery capability may hold back taking advantage of the mobile cloud-era.