Subscribe free to our newsletters via your
. Medical and Hospital News .




AFRICA NEWS
China says investment in Africa 'mutually beneficial'
by Staff Writers
Accra (AFP) Jan 09, 2014


China's foreign minister Wang Yi on Thursday promised that his country's economic growth would benefit Africa, as he met Ghana's President John Dramani Mahama in Accra.

Wang, who is on a four-nation African tour, called 2014 a year of "ever-deepening reform" in China, with the target of "national rejuvenation".

"The 1.3 billion people of China are working towards the modernisation of our country, something if achieved will be never-before seen in the history of mankind," he said.

"Yet we have the confidence and the capability to achieve that strategic goal and in that process we are most willing to grow and prosper together with our African brothers."

China has increasingly eyed Africa to fuel and fund its burgeoning economy, which last year is estimated to have grown 7.6 percent, according to a government report.

Senior ministers and presidents Hu Jintao to Xi Jinping have personally courted African nations, with deals signed in sectors from oil and gas to agriculture and infrastructure.

In January 2012 Wang's predecessor Yang Jiechi hailed Africa a "golden ground" for foreign investment while Beijing last July pledged to double its aid to the continent to $20 billion a year.

Chinese trade with Africa stood at $200 billion in 2012, prompting talk of the continent as a potential battleground for a proxy economic Cold War with Western powers.

Wang said emerging oil producer Ghana, which has enjoyed high growth rates in recent years and been a relative haven of stability in volatile west Africa, was an ideal partner.

"We believe there is a lot we can learn from them," he said through a translator, adding that Chinese involvement in Africa could have "mutual benefits" for everyone.

The Chinese Development Bank has agreed a $3 billion loan to Ghana's government to fund a variety of infrastructure projects, including in gas supply.

Mahama said the work would transform the country but expressed concern as only about $600 million of the loan had so far been disbursed, causing delivery delays.

"We are very anxious to have that matter dealt with," he added.

.


Related Links
Africa News - Resources, Health, Food






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








AFRICA NEWS
A year after Mali action, France remains 'Africa's gendarme'
Dakar (AFP) Jan 08, 2014
A year after dispatching warplanes and troops to repel an Islamist incursion in Mali, France is fighting in another of its former colonies, demonstrating it is destined to play reluctant "gendarme" in Africa, say analysts. With the Mali intervention deemed a success by the international community, France is withdrawing most of its soldiers but has launched another operation in the Central Af ... read more


AFRICA NEWS
Four arrested over Italy quake contract bribes

Philippine inflation jumps following Haiyan

'Cramped' houses row over Philippine typhoon survivors

System of phone alerts could warn of extreme weather in India

AFRICA NEWS
China to upgrade homegrown GPS to improve accuracy

Beidou to cover world by 2020 with 30 satellites

Obama bans construction of GLONASS stations in US without Pentagon's approval

US bans Russia's GLONASS for spying fears

AFRICA NEWS
Turning Off the "Aging Genes"

Money Talks When Ancient Antioch Meets Google Earth

Reading a good book may make permanent changes to your brain

Finnish research team reveals how emotions are mapped in the body

AFRICA NEWS
Niger's giraffe population on the rise again

Hong Kong mulls following China to destroy ivory stockpile

Worker Wasps Grow Visual Brains, Queens Stay in the Dark

Chinese man detained after dead tiger found in SUV

AFRICA NEWS
Hong Kong reports first H7N9 case of the year

Canada reports first H5N1 bird flu death in North America

H1N1 flu claims five lives in Canada's Alberta province

Hundreds monitored in Taiwan after bird flu case

AFRICA NEWS
Chinese Good Samaritan kills himself over accusations

China demolishes landmark inn once hailed as symbol of change

Chinese state TV eyes Tiananmen rocker for gala: manager

14 killed in China mosque stampede: Xinhua

AFRICA NEWS
Gunmen kill two soldiers in troubled Mexican state

China smugglers dig tunnel into Hong Kong: media

Mexican military seeks to oust cartel from port

Spain jails six Somalis for piracy

AFRICA NEWS
China to allow fully private banks this year

China inflation rate 2.6% in 2013

Singapore's OCBC bank in talks to buy Hong Kong lender

Walker's World: Germans turn against EU




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement