M a r k e t N e w s

China-Africa cooperation continues to flourish as FOCAC marks 20th anniversary

Posted on : Thursday , 15th October 2020

At the turn of the 21st century, China and Africa established what would become one of the world's most vibrant and successful multilateral platforms for international cooperation - the Forum on China-Africa Cooperation (FOCAC).

As the forum marks its 20th anniversary this year, it has triumphed over naysayers' pessimism over China-Africa cooperation and carried forward the spirit of jointly building a China-Africa community with a shared future.

FOCAC, since its inception in 2000, has gone a long way in multiple spheres.

In the face of adversity, Mohammed witnessed how the China-Africa partnership has prevailed.

"I have seen how the Chinese government has done a wonderful job in securing the lives of both its citizens and those of international students by declaring a state of emergency, prohibiting mass gatherings, issuing a mask mandate and lockdown orders," Mohammed said, recalling his days in Wuhan.

After receiving his master's degree in biological engineering at the Huazhong University of Science and Technology in China, the 25-year-old returned to Ethiopia in June and worked as a research and development engineer at BGI, a COVID-19 test kit factory built by China.

"As an Ethiopian, I am proud to work in a globally connected company like BGI," he said. "I'm contributing my share to the community."

Mohammed is just one of the millions of beneficiaries of thriving cooperation within the framework of the Forum on China-Africa Cooperation (FOCAC).

From West Africa's Nigeria to East Africa's Ethiopia, China has built more than 6,000 km of railways and roads, respectively, as well as nearly 20 ports and more than 80 power plants, which have promoted African industrialization and enhanced the continent's development capacity.

"Looking at what Africa has become in the past 20 years with FOCAC, we can say that it has been a game-changer. The whole African infrastructure has been massively changed," said Charles Onanaiju, director of Nigeria's Center for China Studies.

The BGI factory, located inside the Bole Lemi industrial park on the outskirts of Addis Ababa, will not only boost the country's capacity to fight COVID-19, but also improve its position as a manufacturing hub in Africa.

"Once the plant reaches peak capacity of 10 million kits' production annually, it will not only be serving Ethiopia, but will also be able to serve other countries in the East African region and even the wider African continent," said Ethiopian Minister of Health Lia Tadesse.

Earlier this month, Ethiopian Prime Minister Abiy Ahmed inaugurated an industrial park built by China at a cost of 60 million U.S. dollars.

Ahmed said the Bahir Dar Industrial Park, located 552 km north of Addis Ababa, will facilitate the country's knowledge transfer and boost its science capacity in addition to creating more jobs.

"Ethiopia has so far commissioned 13 industrial parks which have been crucial in the country's efforts to achieve prosperity and boost economic development," he said.

China's stock of direct investment in Africa has reached 110 billion dollars, and over 3,700 Chinese enterprises have invested and started businesses in various parts of Africa.

Source : www.ugnewsco.co.ke
Featured Companies
  • /
  • African Business Development Association
  • /
  • TITAN Containers A/S
  • Mercury Tube Products
  • SMES Today Magazine
  • africabusiness.com
  • Your Banner HERE!

Complete List  

Advertisers in previous issue:

  • DM is one of the leading manufacturer specialized in reflective material in the world, which is only one manufacturer that not only produce personal safety production but also produce traffic safety production in China.
  • Marketing and Media in South Africa
  • B2B website
  • KlipKlamp Mounts
  • The key to the inventor air conditioning units success is that they are specifically designed to enable the modern individual invent his own custom made living and working conditions.
  • Al Munjed Group is a venture capital group based on the international contact network of its owner,
  • SIDC Ceramic Plant is a state of the art blend of European technology and expertise.
  • SPB Technical Development Ltd., Hungary, is a privately owned company established in 1996 to design and manufacture products of information technology and of the bank sector.
  • Packing Materials & Machines, Packing  Materials & Machines manufacturer.
  • HKPRODUCTS.NET is one of the best-known B2B online trading platforms in the world.
  • Kitchen Equipment
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2020 Afrotrade