Get to know China-Africa collaboration - finance

The cooperation between China and Africa has been promoted step by step, especially since the 10 major China-Africa cooperation programs were proposed by Chinese President in 2015 during the Johannesburg Summit of the Forum on China-Africa Cooperation (FOCAC). The following short videos will acquaint you with China-Africa Collaboration in the areas of Industrialization, Agricultural Modernization, Infrastructure, Finance, Green Development, Trade and Investment Facilitation, Poverty Alleviation, Public Health, People-to-people Exchanges as well as Peace and Security. 

Since the Johannesburg Summit of FOCAC in 2015, China-Africa financial cooperation has made a qualitative substantial breakthrough. China increased the China-Africa Development Fund to 10 billion US dollars and set up a new 10-billion-dollar fund focusing on China-Africa industrial capacity cooperation. Financial institutions such as the Export-Import Bank of China have been setting up branches in Africa. A number of joint-venture banks have also been established. 

These institutions serve the purpose of providing financing services for infrastructure construction such as the Mombasa–Nairobi Standard Gauge Railway, jointly-built industrial parks, and cotton cultivation programs etc, meanwhile offering strong financial support and service guarantees for the industrialization and modernization of Africa.