Over 3,000 Chinese companies invest in Africa

Robert Anane, GNA

Accra, July 7, GNA – Currently, more than
3,000 Chinese Enterprises are investing in Africa, with more than 100 billion
dollars gross assets.

Madam Sun Baohong, Chinese Ambassador to
Ghana, said this at a Conference on China-Africa Relations, which was recently
held in Accra.

She said China had constructed for Africa,
railways and roads surpassing 7,000 kilometres in length, and had aided Africa
over 1,000 set projects such as schools, hospitals and sports stadia.

Ambassador Sun revealed that nearly half of
the 60 billion dollar support funding that China pledged to Africa, had been
disbursed or arranged since the Johannesburg Summit of the Forum on
China-Africa Corporation.

On May 31, 2017, China’s financing of the
Mombasa-Nairobi Railway, linking the largest port city and the capital of
Kenya, was officially launched, said Ambassador Sun.

The Chinese Ambassador added, that estimates
showed, that the railway would reduce the cost of freight in East Africa by 79
percent, as well as the cost of business by 40 percent and the transit time by

She observed that the industrial capacity
cooperation between China and Africa was ever increasing.

“Chinese companies have established seven
industrial parks in Zambia, Mauritius, Nigeria, Egypt and Ethiopia,” said
Ambassador Sun.

“We will unceasingly tap new potential of
China-Africa comprehensive cooperation, create new economic growth engines,
implement the United Nations 2030 Agenda of sustainable Development, and help
Africa realise green sustainable development,” Ambassador Sun said.

She added that with China-Africa relations
reaching the best stage in history, where it was faced with unprecedented
opportunities, “China would continue to make contributions to the economic
transformation and sustainable development of Africa.”


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