Several Chinese businessmen have discussed in Beijing with Head of Moroccan Government Saadeddine El Othmani their investment projects set for the North African country and reviewed ways to facilitate their implementation to help create jobs within the frame of a “win-win partnership”. The Chinese entrepreneurs met El Othmani on Monday on the sidelines of the 3rd China-Africa summit (3-4 Sept.) hosted by president Xi Jinping. During the Africa-China summit, President Xi Jinping pledged $60 billion package of assistance, investment and concessional loans to Africa. Since 2000, Africa has borrowed about $130 billion from China to finance infrastructure projects. Chinese companies and exporters are finding very fertile soil in Africa and are expected to invest $10 billion in the continent in the next three years.

Source: The North Africa Journal September 04, 2018 14:03 UTC