"It is inevitable for China, Germany and Africa to finally resort to collaboration to address some of their current challenges," Hai told the Global Times. "China and Germany are cooperating in third-country markets such as Rwanda and Angola," Merkel told reporters during the closing media briefing of the summit. China has been the largest investor in African infrastructure for years. The agenda focused on the Compact with Africa initiative, which is aimed at promoting private sector investment, supporting infrastructure development and achieving greater employment in Africa. Germany was among the first countries to publicly support the initiative, and join the China-initiated Asian Infrastructure Investment Bank (AIIB).

Source: Ethiopian News August 01, 2017 11:03 UTC