African Development Bank says Sino-African cooperation brings oppotunities
China's growing role in Africa is not only "substantial" for bilateral trade, but also "complementary" to Africa's traditional partners, according to a new book on Sino-African cooperation released Tuesday by African Development Bank (AfDB).
The book "China and Africa, An Emerging Partnership for Development" challenged the idea that China was the only winner in cooperation with and activities in African continent, by analyzing "opportunities and challenges for both parties."
According to AfDB Vice-President and Chief Economist, Mthuli Ncube, who presented the book, China's activities in Africa are never just exploring and importing natural resources, but played "an important role in providing financing and expertise needed for the continent's development." [Full story]
Chinese investment buoys Africa's economy
Although Africa is a diverse continent, containing a variety of countries and cultures, the representatives of African countries do have one thing in common: their desire to attract Chinese investment.
"We look forward to Chinese enterprises' investments.
Chinese investment helps us to fund the construction of transportation and medical infrastructure," Bernadette Artivor, executive director of the Namibia Investment Center, said. [Full story]
China-Africa People’s Forum passes Nairobi Declaration
People-to-people exchanges between China and Africa face great opportunities and also challenges, said Peter Nkuraiyia, the executive director of Kenya Non-Governmental Organizations Coordination Board (Board), during the closing ceremony of the China-Africa People’s forum Aug 30 in Nairobi, Kenya.
The forum, which was co-hosted by the Board and the China NGO Network for International Exchanges (CNIE), was the first non-government exchange between China and Africa ever held in Africa.
The forum passed the Nairobi Declaration, which outlines the guiding principles of non-government exchanges between China and Africa. It calls upon the governments of both China and African countries to recognize the importance of and encourage people-to-people exchanges. It also asks for support from the United Nations and international communities. [Full story]
Nairobi Declaration Adopted at the First China-Africa People's Forum
First batch of aid bound for Africa
China ready to ship food aid to Africa