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China to spread its wings in Southern Africa

Published Sep 1, 2017


JOHANNESBURG - In the past 10 years, China had taken more actions to deepen the Sino-African relationship and to strengthen the investment co-operation, the vice president of China-Africa Development Fund, Zhou Chao, said on the sideline of the China-Africa Annual Investment Forum 2017 on Thursday.

 “From 'One Belt, One Road' to 'Industrial capacity co-operation', from 'Three networks and industrialisation' to 'Johannesburg Action Plan'. We have invested in about 90 projects covering infrastructure, industrial capacity co-operation, agriculture, resource development in 36 African countries with more than R52.02bn,” said Chao. 

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“We have now more than 20 projects in the Southern African Region and most of them are located in South Africa.” Chao said. The China-Africa Development Fund would support Chinese enterprises to invest in Southern Africa in multiple areas, also in fields like financial and hi-tech.


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