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

Malawi Government levies tax on Internet/SMS

Finance Minister Goodall Gondwe at Parliament The Malawi Government has announced that it will levy a 10 percent excise duty on mobile phone text messaging as well as all data transfers, including internet and similar services. Read More

Ghana’s 800km fibre optic backbone commissioned

Ghana’s President John Dramani Mahama has commissioned an 800km Eastern Corridor Fibre Optic backbone which runs through 20 districts. Read More

NIMC infrastructure must be managed by credible people: NIMC chief

NIMC’s chief speaks to Kokumo Goodie about the role of the NIMC and his own legacy. Read More

Kenyan ICT on track for strong growth

The Kenyan government projects that the country’s ICT sector will approach 20% growth by 2017, with the government making every effort to help boost this growth. Read More

Ghana commissions enhanced CICs

Ghana’s Minister for Communications, Dr. Edward Omane Boamah, has commissioned and handed over an Enhanced Community Information Centre (E-CIC) to La Nkwantanang-Madina Municipal Assembly in the Greater Accra Region under the e-governance project. Read More

Rwanda hosts Africa Broadband and Universal Service Funds Forum

The Africa Broadband and Universal Service Funds (USF) forum brought together broadband stakeholders from all over Africa in Kigali for a three-day forum this week. Read More

Airtel, Ghana Communications Ministry promote girls in ICT

Airtel Ghana has partnered the Ministry of Communication to celebrate International Telecommunication Union Girls in ICT Day.  Read More

Alcatel-Lucent, Algeria to build Orval undersea cable system

Alcatel-Lucent and the Algerian Ministry of Post, Information Technology and Communications have signed a turnkey agreement for the deployment of the Orval system, an over 560 km fiber-optic undersea cable that will link Oran in Algeria to Valencia, Spain.  Read More

Finalists announced for African Utility Week Industry Awards

The finalists have been announced for the African Utility Week Industry Awards, with the winners to be honoured at the annual African Utility Week and Clean Power Africa in Cape Town from 12-14 May. Read More

Four million Rwandan youth to participate in #YouthConnektMonth

Rwanda’s Ministry of Youth and ICT (MYICT), in collaboration with various stakeholders, is launching National YouthConnekt Month to kick off on 2 May.  Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4Afrika

FEATURED STORY

The transformative power of affordable smartphones and unlimited data in GhanaThe transformative power of affordable smartphones and unlimited data in Ghana

Smartphones are helping transform their lives of ordinary people in Ghana, Reports Nana Appiah Acquaye.

IN DEPTH

NIMC infrastructure must be managed by credible people: NIMC chiefNIMC infrastructure must be managed by credible people: NIMC chief

NIMC’s chief speaks to Kokumo Goodie about the role of the NIMC and his own legacy.