Africa's First Four Project Contracts Signed For Investment By China-Africa Fund

On January 15th, the first batch of investment projects in Africa by the China-Africa Fund was signed in Beijing; the cooperative agreement totals over 90 million dollars.

A total of four projects were signed: 1. the investment by the China-Africa Fund and the Overseas Construction Co., Ltd. cooperating in Ethiopia to produce 40,000 tons of glass, which is the first local glass factory there.

Production is expected to begin in May of this year, and will be the first time in history that glass is produced in this country; 2. in cooperation with the Shenzhen Energy Investment Co., Ltd., the investment in Ghana to build a 200,000 kilowatt gas plant; 3.the ferrochrome processing projects in cooperation with China Steel Group in Zimbabwe; and 4.working with China's Building Materials Corp. to set a platform to support Africa's cooperation with China, African countries will receive investment in cement, glass and other building materials projects.

The Chinese-African Development Fund was established in June 26, 2007; and is the first established fund announced by the Chairman, and inaugurated by our national leader of the State Council. It is also the first fund in the country that focuses on non-equity investment. The China-Africa Fund independently makes decisions; operates in the market; and shoulders the risks by hiring a professional operations and management team. It also leads and supports Chinese enterprises to expand non-direct investment; deepens Chinese-African economic and trade cooperation in market-oriented ways; promotes the African region's economic development and improves people's livelihood; and aims to achieve mutual development. The first phase of the fund was financed by the CDB with 1 billion US dollars; the total will reach up to 50 billion dollars.

600450 Africa's First Four Project Contracts Signed For Investment By China-Africa Fund glassonweb.com

See more news about:

Others also read

LandGlass Won the Silver Award at “The Third China Dual-use Technological Innovation Application Contest”.
The 2019 exhibition will be held in Guangzhou-Pazhou-Canton Fair from August 22nd to 24th.
Recently, LandGlass was named as one of the “Outstanding Private Enterprises in Luoyang - High Growth Innovative Entities” by the CPC Luoyang Municipal Committee and the People’s Government of Luoyang Municipality.
On November 22, the municipal office of civilization and office of credibility held the “2018 Credible Private Enterprises” commendation conference at the 2nd floor conference room of the Luoyang city hall.
Permasteelisa S.p.A welcomes the LIXIL Group Corporation’s announcement about the agreement with Grandland Holdings Group Limited, a leading Chinese architectural design and construction company, to terminate planned Permasteelisa transaction.
Asia’s No. 1 fenestration exhibition - FENESTRATION BAU China 2018 (”FBC”) concluded on November 3, 2018 in Beijing.

From industry

No. 160 Yichuan Rd.,
Jiaonan Shi
Qingdao Shi
Shandong Sheng, 266000
China

Add new comment