China commits $50bn to Africa’s industrialisation
The Chinese government has pledged $50-billion towards industrialisation in South Africa and the rest of the continent.
The pledge, which would support job creation and development, was announced during a courtesy visit by the Chinese Commerce vice-Minister Zhang Xiangchen to Department of Trade and Industry director-general Lionel October in Pretoria.
Xiangchen’s visit also focused on the upcoming Forum on China–Africa Cooperation (Focac) to be hosted in Johannesburg from December 4 to 5.
He noted that the Chinese government was finalising several new measures to further promote industrialisation and development of the African continent as a whole.
“China–Africa industrialisation partnerships will be at the forefront of any development on the continent. China will also increase investments in Africa especially in the special economic zones and provide training in those sectors,” said Xiangchen.
He added that the Chinese government would provide 50 technical experts in building and upgrading of industrial parks and building of new power plants, 40 000 training opportunities in different sectors and 200 000 industrial managers to train and develop local industrial managers.
October welcomed the pledge and praised China for its efforts in continuously supporting the African cause, noting that the country remained an inspiration to most developing countries.
He said that, even though the continent remained underdeveloped, summits such as Focac could bring about progress on industrialisation.
The first Ministerial Conference of Focac was held in Beijing in October 2000. After the conference, China cancelled Rmb10.9-billion of debts for 31 heavily indebted or least-developed countries in Africa.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.
VISIT SHOWROOM
Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
