Chinese visit to boost trade
BUSINESS| Dec. 7, 2011, 10:52 a.m.
Chinese State Councilor Liu Yandong this week paid an official visit to Namibia, Botswana and Cameroon for talks on trade and cooperation.
Trade volume between China and Africa this year alone is expected to exceed USD150 billion.
The Chinese delegates met Cameroon President Paul Biya, Namibian President Hifikepunye Pohamba and Botswana Vice President Mompati Merafhe in several days of official visits.
China has close ties with many African nations, with cooperation agreements and trade in the areas of science and technology, infrastructure, agriculture and construction, among others.
President Biya told Liu that the government and people of Cameroon admired China's miraculous economic achievements that also benefit the world, and the effective governing of the country with a 1.3 billion population.
In Namibia, Liu said China had allocated a grant of around USD5 million for various projects. Her country also decided to sponsor 200 scholarships to Namibians from 2012 to 2016.
In Botswana, Liu said strengthening China-Africa relations is an important cornerstone of China’s foreign policy, as well as a long-term and firm strategic choice. China is ready to work with African countries including Botswana and take the opportunities of fully implementing the outcomes of the fourth Ministerial Meeting of China-Africa Cooperation Forum and preparing for next year’s fifth Ministerial Meeting to continue to promote the new type of China-Africa strategic partnership to a new level.
MORE BUSINESS NEWS
Business incubator to boost 200 Zimbabwean entrepreneurs200 would-be Zimbabwean entrepreneurs are set to benefit from business training and support, thanks to a business development programme to be launched by business incubation specialist KBA Africa. Read More
Union gives Globacom 14 days to reinstate 54 sacked workersThe Private Telecoms & Communications Senior Staff Association of Nigeria (PTECSSAN) has urged Globacom to reinstate the workers it allegedly sacked from its service. Read More
British envoy promises more investors at Rack CentreMr Paul Arkwright, British High Commissioner to Nigeria, has promised to do his utmost to encourage more British companies to do business with their Nigerian Counterparts. Read More
UBA, Mastercard in pan-African partnershipUBA and Mastercard have announced a five year deal across 19 markets focused on driving financial inclusion in Africa. Read More
MTN Business partners with the National Gazelles to boost SMEs marketMTN Business today announced a new drive to help support the growth of small and medium enterprises (SMEs) and contribute to creating sustainable entities. Read More
Travelport appoints new Managing Director for AfricaTravelport has announced the appointment of Douglas Jewson as Travelport’s Managing Director for Africa. Read More
Brexit’s impact on AfricaThe short-term implications of Brexit for African economies will be mainly noticeable through market volatility, say Control Risks and NKC African Economics. Read More
Safaricom Blaze to take 2nd youth empowerment summit to ThikaSafaricom will this Friday, 8th July 2016, host the 2nd in a series of youth empowerment summits under its recently launched sub-brand, BLAZE. Read More
Kris Senanu to lead Telkom Kenya Enterprise DivisionTelkom Kenya has announced the appointment of Mr. Kris Senanu as the MD of its Enterprise Division. Read More
FEATURED STORYFirst-ever Africa Barclays Accelerator programme concludes
Ten fintech companies have concluded the first-ever Barclays Accelerator, powered by Techstars in Africa.
BEST READ NEWS
IN DEPTHEthical Hacking students can’t get a heck of a job
Botswana ethical hacking students report that they are failing to break into the local job market.