JUST IN: Pres ED leaves for FOCAC Summit

JUST IN: Pres ED leaves for FOCAC Summit

JUST IN: Pres ED leaves for FOCAC Summit

For two days in a row, every headline on the front page of the state-run People's Daily started with the words "Xi Jinping..." as the president met with the leaders of countries from Angola and Gabon to Mauritius and Senegal.

Last month, Malaysian prime minister Mahathir Mohamad canceled more than $20 billion worth of planned Chinese infrastructure projects, saying he was concerned about paying for them.

"China does not interfere in Africa's internal affairs and does not impose its own will on Africa". The commitment comes on top of another US$60 billion announced at the summit three years ago.

President Mnangagwa and his wife were seen off at the Robert Gabriel Mugabe International Airport by Vice President Retired General Dr Constantino Chiwenga, Environment, Water and Climate Minister Cde Oppah Muchinguri-Kashiri, Harare Metropolitan Province Minister of State Miriam Chikukwa, government ministers, senior government officials and service chiefs among others.

African presidents in attendance include South Africa's Cyril Ramaphosa, Egypt's Abdel Fattah al-Sisi, Zambia's Edgar Lungu and Gabon's Ali Bongo.

In the recent five years, China-Africa relations have gained practical results, bringing tangible benefits to both peoples, including unprecedentedly frequent high-level exchanges and strengthened political guidance.

China is on a quest to become the world's economic superpower and Africa will be its gateway into infrastructure development investment deals.

In May, African central banks, under the Macroeconomic and Financial Management Institute of Eastern and Southern Africa, (MEFMI) a regional establishment with members including EAC countries supported the introduction of the yuan as a reserve currency.

At the turn of the Millennium, on the proposal of African countries, a ministerial meeting of FOCAC was held in Beijing.

"I also hope you will do more in staff training and bettering lives for the local people and will put more emphasis on the environment and resources", Xi said.

"In the values that it promotes, in the manner that it operates, and in the impact that it has on African countries, Focac refutes the view that a new colonialism is taking hold in Africa, as our detractors would have us believe", a written version of Ramaphosa's speech said.

"We urge Chinese investors to take advantages of the great opportunities created by the African continental free trade area, which created a single market of more than 1 billion people".

Abiy said China is a reliable friend in the course of Ethiopia's development, and China's precious assistance has always been crucial to his country's economic restructuring and achievements.

China would be happy to help Africa upgrade its customs and commodities inspection facilities and provide supplies and equipment to improve trade connectivity with the continent, the Chinese leader added. "Is China unfairly exploiting Africa like the others before it?"

"The fundamental goal of China-Africa cooperation is building a closer China-Africa community with a shared future".

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