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Chinese Investment in Africa Highlighted
Annual Infrastructure Africa Business Forum in Johannesburg highlights China's large investment on the continent
By Lu Anqi  ·2017-08-23

The Sixth Infrastructure Africa Business Forum is held on August 21-22 in Johannesburg, South Africa. Moeletsi Mbeki (left) from MGM Capital Investments attended the forum (Photos by Li Jianguo)

Chinese investment in African infrastructure was the main talking point at the Sixth Infrastructure Africa Business Forum held on August 21-22 in Johannesburg, South Africa. 

Panelists and audience members engaged in lively debate on the topic. Andy Luo, General Manager of China Harbor Engineering Co. Ltd. (CHEC) South Africa, introduced CHEC's projects in Africa, saying that the company is conducting an overall localization program, which can benefit both the company and local communities.    

Mohammed Adam, Deputy Head of Corporate and Institutional Banking of China Construction Bank said that Chinese investments also bring experience, diversity and competition. 

"Diversity" means that Chinese have brought with them new ways of doing things to the continent, and the "competition" has brought the prices down and made things more efficient, he said. 

Zambia’s Minister of National Development Planning Lucky Mulusa told the audience that more than 80 percent of infrastructure projects in Zambia have Chinese companies' involvement.  

Mulusa said the quality of Chinese projects is good, adding that Chinese companies are very efficient. 

Similarly, Princess Gloria Akobundu, National Coordinator and Chief Executive Officer of NEPAD Nigeria, said that her country welcomes Chinese investors in agricultural sector. 

Princess Gloria Akobundu, National Coordinator and Chief Executive Officer of NEPAD Nigeria says that Nigeria welcomes Chinese investors to invest in its agriculture sector

She reminded investors to let local people, especially the youth, women and people at the community level levels to be involved in their businesses. 

Akobundu said Nigeria needs technology transfer, and it is important that investors are able to train local people to increase their skill levels.  

The two-day forum and showcase exhibition attracted more than 200 government officials, infrastructure experts, business leaders from sectors of water, energy, ICT & telecoms, transport and finance from South Africa, Namibia, Zambia, Nigeria and other African countries.  

Chinese companies operating in South Africa also sent delegates to the forum.  

A panel discussion on the implication of Chinese investment in Africa

The forum was also attended by Rob Davies, Minister of Trade and Industry of South Africa, who delivered the keynote speech, along with Minister of Finance of Zambia Felix Mutati and Federal Minister of Niger Delta Affairs of Nigeria Usani U. Usani. 

Premier David Makhura of Gauteng Province of South Africa delivered the closing remarks. 

The Infrastructure Africa Business Forum is an annual event organized by Siyenza Management. It aims at helping explore new trading opportunities, establish new business networks, develop and form partnerships and accelerate the business of infrastructure development across the continent. 

  

  
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