China funding aids Africa development
4 months, 1 week ago

China funding aids Africa development

China Daily  

Photo taken on May 8, 2022 shows a section of the Nairobi Expressway in Nairobi, Kenya. Financial assistance from China has played a crucial role in infrastructure development in Africa since the Forum on China-Africa Cooperation, or FOCAC, was established, paving the way for economic prosperity, observers said, adding that Sino-African cooperation will help address emerging challenges facing the continent such as climate change. Speaking at an online seminar ahead of the FOCAC summit scheduled in Beijing in September, Engel said that since the establishment of FOCAC, the Export-Import Bank of China and the China Development Bank have made great loan commitments to Africa, with the majority directed toward vital infrastructure projects in energy, transport, and information and communications technology sectors. Experts also said China has emerged as a main financial contributor to Africa, providing African countries with a new source of infrastructure, mining and energy financing. "Given Africa's current economic challenges and energy opportunities, the next phase of China-Africa economic relations should see China playing a bigger role in contributing to African countries' low-carbon development goals," she added.

Energy China Africa Development Economic Kenya African Focac  development  china  economic  countries  african  infrastructure  cooperation  energy  africa  aids  funding  focac

History of this topic

Chinese businesses committed to development in Kenya
5 days, 5 hours ago

Chinese businesses committed to development in Kenya

China Daily  

A Chinese knot installation with the logo of the 2024 Summit of the Forum on China-Africa Cooperation is seen near the China National Convention Center in Beijing on Sep 2, 2024. WANG ZHUANGFEI / CHINA DAILY In line with the outcomes of the Forum on China-Africa Cooperation summit held in Beijing in September, the Chinese business community in Kenya has …

Forum fosters ties between China, Africa
1 month ago

Forum fosters ties between China, Africa

China Daily  

By EDITH MUTETHYA in Nairobi, Kenya | China Daily | Updated: 2024-11-22 10:26 FILE PHOTO: Nigerian President Bola Ahmed Tinubu speaks at the opening ceremony of the ninth Forum on China-Africa Cooperation Summit, at the Great Hall of the People in Beijing, China, September 5, 2024. Wang Wen, dean of Chongyang Institute for Financial Studies at Renmin University of China, …

Forum fosters ties between China, Africa
1 month ago

Forum fosters ties between China, Africa

China Daily  

By EDITH MUTETHYA in Nairobi, Kenya | China Daily | Updated: 2024-11-22 10:26 FILE PHOTO: Nigerian President Bola Ahmed Tinubu speaks at the opening ceremony of the ninth Forum on China-Africa Cooperation Summit, at the Great Hall of the People in Beijing, China, September 5, 2024. Wang Wen, dean of Chongyang Institute for Financial Studies at Renmin University of China, …

What is behind the success of the Forum on China-Africa Cooperation?
Trending News
1 month ago

What is behind the success of the Forum on China-Africa Cooperation?

China Daily  

MA XUEJING/CHINA DAILY In the current wave of globalization, countries around the world are increasingly interconnected, leading to the establishment of numerous platforms for dialogues and exchanges. As the Chinese President Xi Jinping put it at the FOCAC Summit back in 2018, "We need to make sure our cooperation delivers real benefits to us both in China and in Africa." …

What is behind the success of the Forum on China-Africa Cooperation?
Trending News
1 month ago

What is behind the success of the Forum on China-Africa Cooperation?

China Daily  

MA XUEJING/CHINA DAILY In the current wave of globalization, countries around the world are increasingly interconnected, leading to the establishment of numerous platforms for dialogues and exchanges. As the Chinese President Xi Jinping put it at the FOCAC Summit back in 2018, "We need to make sure our cooperation delivers real benefits to us both in China and in Africa." …

China praised for climate financial aid
1 month ago

China praised for climate financial aid

China Daily  

Experts and officials from both domestic and international spheres have praised China's voluntary financial support to developing nations within the South-South cooperation framework, highlighting it as a testament to the largest developing nation's role as a significant and responsible world power. Since 2016, China has provided and mobilized more than 177 billion yuan of financial support to bolster climate initiatives …

China praised for climate financial aid
Trending News
1 month ago

China praised for climate financial aid

China Daily  

Experts and officials from both domestic and international spheres have praised China's voluntary financial support to developing nations within the South-South cooperation framework, highlighting it as a testament to the largest developing nation's role as a significant and responsible world power. Since 2016, China has provided and mobilized more than 177 billion yuan of financial support to bolster climate initiatives …

China praised for climate financial aid
Trending News
1 month ago

China praised for climate financial aid

China Daily  

Experts and officials from both domestic and international spheres have praised China's voluntary financial support to developing nations within the South-South cooperation framework, highlighting it as a testament to the largest developing nation's role as a significant and responsible world power. Since 2016, China has provided and mobilized more than 177 billion yuan of financial support to bolster climate initiatives …

Africa’s Geopolitical Shift: China’s Expansion and India’s Strategic Challenge
1 month, 1 week ago

Africa’s Geopolitical Shift: China’s Expansion and India’s Strategic Challenge

The Hindu  

Published : Nov 11, 2024 23:07 IST - 15 MINS READ The 2024 summit of the Forum on China-Africa Cooperation, held from September 4 to 6 in Beijing, has reinforced China’s geopolitical clout over Africa. The growing stature of China in Africa, in what China calls the “new era”, has markedly upset the established geopolitical configurations in the continent and …

China’s relationship with Africa is growing murkier
1 month, 2 weeks ago

China’s relationship with Africa is growing murkier

Live Mint  

It has been the highlight of most African leaders’ diplomatic calendar for nearly a quarter of a century. Billed by China’s foreign ministry as a “grand reunion of the China-Africa big family", more than two dozen African leaders are in attendance. The relationship is less frenzied than in the 2000s and 2010s, when China’s state-backed banks funnelled billions into Africa’s …

New climate financing goal expected
1 month, 3 weeks ago

New climate financing goal expected

China Daily  

China will collaborate with other Global South countries at an upcoming conference to push for a new, ambitious climate financing goal from developed nations that can adequately support climate actions in developing countries. Xia especially underscored the pivotal importance of a specific climate financing target from developed countries for developing nations to achieve a successful COP29. A key task for …

New climate financing goal expected
1 month, 3 weeks ago

New climate financing goal expected

China Daily  

By Hou Liqiang | China Daily | Updated: 2024-11-02 07:22 China will collaborate with other Global South countries at an upcoming conference to push for a new, ambitious climate financing goal from developed nations that can adequately support climate actions in developing countries. Xia especially underscored the pivotal importance of a specific climate financing target from developed countries for developing …

Deep Dive into Governance: African and Chinese Leaders Discuss Shared Future
Trending News
1 month, 3 weeks ago

Deep Dive into Governance: African and Chinese Leaders Discuss Shared Future

China Daily  

A seminar on governance and China-African relations was held in Beijing, bringing together civil servants from various African countries. The event aimed to deepen mutual understanding and cooperation between the two sides, focusing on issues of common interest and challenges faced in the pursuit of common development. The participants discussed topics related to China's institutional advantages, Belt and Road Initiative, …

Trade frameworks linking China, Africa set to broaden
2 months ago

Trade frameworks linking China, Africa set to broaden

China Daily  

Employees work on a solar thermal power project in Northern Cape, South Africa, on August 20. ZHANG YUDONG/XINHUA In the face of a turbulent global landscape, characterized by escalating geopolitical tensions and rising protectionism, China and Africa should lean toward embracing globalization and win-win cooperation more than ever before, to benefit their own populations and catalyze the modernization of the …

China's Infrastructure Push in Africa: A Game Changer for Economic Growth
2 months ago

China's Infrastructure Push in Africa: A Game Changer for Economic Growth

China Daily  

Chinese investors are set to expand their economic ties with Africa through infrastructure projects, trade agreements, and diplomatic engagements. The Chinese government plans to invest at least 70 billion yuan in Africa over the next three years, and China and Africa will establish a joint digital technology cooperation center.

Forum on China-Africa Cooperation 2024: Don’t Be Distracted by the Money
2 months ago

Forum on China-Africa Cooperation 2024: Don’t Be Distracted by the Money

The Diplomat  

In early September, during the ninth Forum on China-Africa Cooperation summit held in Beijing, China’s promise to give $50.7 billion of financial support to African countries over the next three years dominated international headlines. In the Beijing Action Plan, the most important publication from the summit, China pledged to “provide Africa with RMB 360 billion of financial support in the …

China and Africa to Deepen Renewable Energy Collaboration
2 months, 1 week ago

China and Africa to Deepen Renewable Energy Collaboration

China Daily  

China and Africa are poised for extensive collaboration in the realm of renewable energy, with the continent's abundant resources aligning with China's advanced expertise in wind and solar power technologies. This partnership guarantees energy security and propels Africa toward green, low-carbon practices and sustainable development, yielding a host of mutually beneficial outcomes.

Chinese modernization offers lessons for Africa
2 months, 2 weeks ago

Chinese modernization offers lessons for Africa

China Daily  

Freight trains are seen at Nairobi station of Mombasa-Nairobi Standard Gauge Railway in Nairobi, capital of Kenya, Nov 17, 2021. Carlos Lopes, an honorary professor at the University of Cape Town's Nelson Mandela School of Public Governance, said Chinese modernization represents a blueprint that can inspire Africa in its own development trajectory. To benefit fully from the Chinese modernization agenda, …

China and Africa jointly advance modernization
3 months ago

China and Africa jointly advance modernization

China Daily  

JIN DING/CHINA DAILY Considering that China and Africa account for about one-third of the global population, without their "modernization, there will be no global modernization", President Xi Jinping said in his keynote address at the opening ceremony of the 2024 Summit of the Forum on China-Africa Cooperation in Beijing this month. One of the historic highlights of China's determination to …

Nation to help Africa advance green transition
3 months ago

Nation to help Africa advance green transition

China Daily  

A view of the Redstone Concentrated Solar Thermal Power Project near Postmasburg in Northern Cape Province of South Africa on August 20. "China is ready to launch 30 clean energy projects in Africa, put in place meteorological early warning systems, and carry out cooperation in disaster prevention, mitigation and relief as well as biodiversity conservation," Xi said when addressing the …

Nation to help Africa advance green transition
3 months ago

Nation to help Africa advance green transition

China Daily  

A view of the Redstone Concentrated Solar Thermal Power Project near Postmasburg in Northern Cape Province of South Africa on August 20. "China is ready to launch 30 clean energy projects in Africa, put in place meteorological early warning systems, and carry out cooperation in disaster prevention, mitigation and relief as well as biodiversity conservation," Xi said when addressing the …

Nation to help Africa advance green transition
3 months ago

Nation to help Africa advance green transition

China Daily  

A view of the Redstone Concentrated Solar Thermal Power Project near Postmasburg in Northern Cape Province of South Africa on August 20. "China is ready to launch 30 clean energy projects in Africa, put in place meteorological early warning systems, and carry out cooperation in disaster prevention, mitigation and relief as well as biodiversity conservation," Xi said when addressing the …

China, Africa embark on new collaboration path
3 months, 1 week ago

China, Africa embark on new collaboration path

China Daily  

Jin Ding/China Daily In his keynote speech at the 2024 summit of the Forum on China-Africa Cooperation in Beijing on Sept 5, President Xi Jinping outlined a new blueprint for China-Africa cooperation for the next three years and for jointly advancing modernization. The new interpretation of China and Africa jointly advancing modernization is closely related to China's Global Development Initiative, …

China, Africa embark on new collaboration path
3 months, 1 week ago

China, Africa embark on new collaboration path

China Daily  

Jin Ding/China Daily In his keynote speech at the 2024 summit of the Forum on China-Africa Cooperation in Beijing on Sept 5, President Xi Jinping outlined a new blueprint for China-Africa cooperation for the next three years and for jointly advancing modernization. The new interpretation of China and Africa jointly advancing modernization is closely related to China's Global Development Initiative, …

A panoramic view of the 2024 China-Africa summit
3 months, 1 week ago

A panoramic view of the 2024 China-Africa summit

The Hindu  

Africa figures prominently in China’s worldview and in the conduct of its foreign policy in the 21st century. The Beijing summit last week confirms China’s consistency and steadfastness in pursuing its goals relating to Africa. They are economic, political and strategic in nature, reflecting Beijing’s long-held view that Africa is vital to the world’s future — therefore, it should be …

UK expert hails FOCAC action plans
3 months, 2 weeks ago

UK expert hails FOCAC action plans

China Daily  

An expert in the United Kingdom specializing in China-Africa relations has praised the series of partnership actions announced at the 2024 Summit of the Forum on China-Africa Cooperation in Beijing, saying the event showcased the depth and breadth of bilateral ties. "FOCAC remains the most prominent platform for China-Africa cooperation, especially in terms of its scale and longevity," said Linda …

China Railway Resources to hike investments in DRC
3 months, 2 weeks ago

China Railway Resources to hike investments in DRC

China Daily  

As collaboration between China and African countries presents vast opportunities, China Railway Resources Group is planning to strengthen cooperation with partners in the Democratic Republic of Congo, a senior company executive said. "We will continue to leverage our advantages, technology and management to boost mutual development, engage in broader and deeper cooperation with companies in the DRC, and play a …

UK expert hails FOCAC action plans
3 months, 2 weeks ago

UK expert hails FOCAC action plans

China Daily  

An expert in the United Kingdom specializing in China-Africa relations has praised the series of partnership actions announced at the 2024 Summit of the Forum on China-Africa Cooperation in Beijing, saying the event showcased the depth and breadth of bilateral ties. "FOCAC remains the most prominent platform for China-Africa cooperation, especially in terms of its scale and longevity," said Linda …

China, Africa vital for Global South's modernization
3 months, 2 weeks ago

China, Africa vital for Global South's modernization

China Daily  

Editor's note: With China and Africa elevating their relationship to an all-weather China-Africa community with a shared future in the new era, the two sides are working more closely to realize modernization. China's pursuit of high-quality development and modernization has inspired many Global South countries, including African nations, to take measures to boost development and alleviate poverty. African countries have …

African nations see China as reliable partner
3 months, 2 weeks ago

African nations see China as reliable partner

China Daily  

By Edith Mutethya in Nairobi, Chen Weihua in Brussels and Xu Weiwei in Hong Kong | China Daily | Updated: 2024-09-09 00:13 The pledge by President Xi Jinping to work with Africa to implement the 10-point partnership action plan to advance modernization has reaffirmed the country's commitment to Africa, according to experts. Citing examples of African nations helping the People's …

China, Africa vital for Global South's modernization
3 months, 2 weeks ago

China, Africa vital for Global South's modernization

China Daily  

Editor's note: With China and Africa elevating their relationship to an all-weather China-Africa community with a shared future in the new era, the two sides are working more closely to realize modernization. China's pursuit of high-quality development and modernization has inspired many Global South countries, including African nations, to take measures to boost development and alleviate poverty. African countries have …

Laying foundation for a fair and just world order
3 months, 2 weeks ago

Laying foundation for a fair and just world order

China Daily  

This photo taken on Aug 29 near China Nation Convention Center, showing a sign of The 2024 Summit of the Forum on China-Africa Cooperation, which will be held from Sept 4 to Sept 6, 2024. First, unlike Western economies, China does not dictate conditions or set political terms for providing loans or aid for African countries, or for engaging in …

Laying foundation for a fair and just world order
3 months, 2 weeks ago

Laying foundation for a fair and just world order

China Daily  

This photo taken on Aug 29 near China Nation Convention Center, showing a sign of The 2024 Summit of the Forum on China-Africa Cooperation, which will be held from Sept 4 to Sept 6, 2024. First, unlike Western economies, China does not dictate conditions or set political terms for providing loans or aid for African countries, or for engaging in …

In Africa, China eyes minerals and UN clout
3 months, 2 weeks ago

In Africa, China eyes minerals and UN clout

Hindustan Times  

China’s Forum with Africa was a success, with 53 of the 55 countries of the African Union participating. Between 2000 and 2023, Chinese financial institutions lent $182.28 billion to 49 African countries and seven regional DFIs, according to an analysis by Boston University researchers. African leaders seek better access to the Chinese markets for African products, by adding value to …

FOCAC a platform for fruitful cooperation
3 months, 2 weeks ago

FOCAC a platform for fruitful cooperation

China Daily  

Chinese Foreign Minister Wang Yi, Senegalese Foreign Minister Yacine Fall and Minister of Foreign Affairs of the Republic of Congo Jean-Claude Gakosso meet the press during the 2024 Summit of the Forum on China-Africa Cooperation in Beijing on Thursday. Through joint efforts under the frameworks of the Forum on China-Africa Cooperation, the China International Import Expo and the China-Africa Economic …

Cultural exchange and mutual learning key to boosting cross-continent ties
3 months, 2 weeks ago

Cultural exchange and mutual learning key to boosting cross-continent ties

China Daily  

A volunteer leads a group of children in learning African dance, at a permanent pavilion of China-Africa Economic and Trade Expo, in Changsha, Hunan province, Aug 31, 2024. Cultural exchange and mutual learning are essential for bolstering political and economic ties between China and Africa, said Li Hongfeng, a Chinese expert on African studies, calling on scholars from both sides …

FOCAC a platform for fruitful cooperation
3 months, 2 weeks ago

FOCAC a platform for fruitful cooperation

China Daily  

Chinese Foreign Minister Wang Yi, Senegalese Foreign Minister Yacine Fall and Minister of Foreign Affairs of the Republic of Congo Jean-Claude Gakosso meet the press during the 2024 Summit of the Forum on China-Africa Cooperation in Beijing on Thursday. Through joint efforts under the frameworks of the Forum on China-Africa Cooperation, the China International Import Expo and the China-Africa Economic …

China's prowess in solar aids Africa's green transition
3 months, 2 weeks ago

China's prowess in solar aids Africa's green transition

China Daily  

A taxi driver prepares to test-drive a Chinese new energy vehicle in Mombasa, Kenya, on Aug 16. WANG GUANSEN/XINHUA Complementary resources China's advantages in the renewable energy industry chain complement Africa's natural environmental endowments, Mao said, adding this opens up vast room for China-Africa cooperation in solar energy development and utilization. China-Africa clean energy cooperation has effectively improved the power …

China, Africa advance modernization in new era
3 months, 2 weeks ago

China, Africa advance modernization in new era

China Daily  

FOCAC a leading mechanism for Global South The Forum on China-Africa Cooperation is not only a guiding mechanism for China-Africa cooperation but also a flagship for the Global South's international cooperation with Africa, wielding significant influence. For instance, in the field of new productive forces, we see a substantial increase in China's exports of new energy products to Africa, including …

Chinese FM proposes principles for int'l cooperation with Africa
3 months, 2 weeks ago

Chinese FM proposes principles for int'l cooperation with Africa

China Daily  

Chinese Foreign Minister Wang Yi, Senegalese Foreign Minister Yacine Fall and Minister of Foreign Affairs of the Republic of Congo Jean-Claude Gakosso meet the press during the 2024 Summit of the Forum on China-Africa Cooperation in Beijing on Thursday. Wang, also a member of the Political Bureau of the Central Committee of the Communist Party of China, put forward the …

China, Africa advance modernization in new era
3 months, 2 weeks ago

China, Africa advance modernization in new era

China Daily  

Editor's note: President Xi Jinping said on Thursday that the joint pursuit of modernization by China and Africa will set off a wave of modernization in the Global South and open a new chapter for building a community with a shared future for humanity. The demand for green development in Africa is significant, as the continent faces notable climate adaptation …

China-Africa action plan lauded
3 months, 2 weeks ago

China-Africa action plan lauded

China Daily  

Antonio Guterres Central role of UN in intl affairs supported President Xi Jinping said on Thursday that practicing genuine multilateralism and supporting the United Nations' central role in international affairs have been the unchanged principles of China's diplomacy. Xi said he appreciates the UN's consistent emphasis on Africa, and is willing to strengthen cooperation with the international body to jointly …

China, Africa advance modernization in new era
3 months, 2 weeks ago

China, Africa advance modernization in new era

China Daily  

FOCAC a leading mechanism for Global South The Forum on China-Africa Cooperation is not only a guiding mechanism for China-Africa cooperation but also a flagship for the Global South's international cooperation with Africa, wielding significant influence. For instance, in the field of new productive forces, we see a substantial increase in China's exports of new energy products to Africa, including …

China, Africa advance modernization in new era
3 months, 2 weeks ago

China, Africa advance modernization in new era

China Daily  

Editor's note: President Xi Jinping said on Thursday that the joint pursuit of modernization by China and Africa will set off a wave of modernization in the Global South and open a new chapter for building a community with a shared future for humanity. The demand for green development in Africa is significant, as the continent faces notable climate adaptation …

China, Africa advance modernization in new era
3 months, 2 weeks ago

China, Africa advance modernization in new era

China Daily  

Editor's note: President Xi Jinping said on Thursday that the joint pursuit of modernization by China and Africa will set off a wave of modernization in the Global South and open a new chapter for building a community with a shared future for humanity. The demand for green development in Africa is significant, as the continent faces notable climate adaptation …

China-Africa action plan lauded
3 months, 2 weeks ago

China-Africa action plan lauded

China Daily  

Antonio Guterres Central role of UN in intl affairs supported President Xi Jinping said on Thursday that practicing genuine multilateralism and supporting the United Nations' central role in international affairs have been the unchanged principles of China's diplomacy. Xi said he appreciates the UN's consistent emphasis on Africa, and is willing to strengthen cooperation with the international body to jointly …

Collaboration transcends economic development
3 months, 2 weeks ago

Collaboration transcends economic development

China Daily  

An Africa-bound freight train leaves Zhuzhou, Hunan province. While the economic partnership between China and Africa continues to strengthen, Ye said there are underlying issues that need to be addressed — particularly the need to diversify the trade structures between the two regions. While trade serves as a cornerstone of China-Africa cooperation, another significant aspect that underscores the depth of …

Connectivity of industrial chains to be enhanced
3 months, 2 weeks ago

Connectivity of industrial chains to be enhanced

China Daily  

An aerial photo of the 100 MW tower for the solar power plant project in Cape Town, South Africa, Aug 20, 2024. China is willing to work with African countries to advance modernization and pursue self-reliant development, while enhancing connectivity and deepening cooperation across industrial and supply chains, the country's top political adviser said on Thursday. Wang Huning, chairman of …

Better security sought on continent
3 months, 2 weeks ago

Better security sought on continent

China Daily  

Chinese and African leaders and delegates attend a high-level meeting on peace and security at the 2024 FOCAC Summit in Beijing on Thursday. ZHAO WENYU/CHINA NEWS SERVICE To further modernization in Africa, China is committed to making a greater contribution to ensuring peace and security on the continent, a senior Chinese official said on Thursday. While addressing a high-level meeting …

Chinese and African leaders hold a summit on deepening cooperation in a divided world
3 months, 2 weeks ago

Chinese and African leaders hold a summit on deepening cooperation in a divided world

The Hindu  

Dozens of African leaders have descended on Beijing for a summit that signals China's influence in a continent that it hopes will be a key ally in pushing back against a U.S.-led global order. Chinese President Xi Jinping proposed to the assembled leaders Thursday that relations with all African countries that have diplomatic ties with China be elevated to the …

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