Morocco to host 2nd China-Africa Investment Forum

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IANS | 21 Nov, 2017
The second China-Africa Investment Forum (CAIF) will be held in the Moroccan city of Marrakech on November 27-28, the organisers said in a statement.

The forum will bring together over 400 high-level Chinese and African business leaders.

The event will facilitate business meetings between the main stakeholders of trade and investment between China and African countries in order to foster sustainable partnerships with high added value, particularly in the industrial sector, the statement said, Xinhua news agency reported.

The forum dedicates two days of conferences and debates to the financial implications for African economies and making the continent a true industrial platform, it pointed out.

Alongside the conferences, practical workshops will provide insights into and keys to understanding Chinese and African economic policies and operational environments, it added.

With more than 122 billion USD in trade and 2.5 billion dollars of non-financial direct investment in 2016, China is Africa's most important trading partner today, the CAIF pointed out.

The launch of the Belt and Road Initiative means Africa needs to equip itself with the tools to effectively receive and use Chinese investment to accelerate its economic transition, it said.