MOROCCO TO HOST 2ND AFRICA-CHINA INVESTMENT FORUM IN NOVEMBER

RABAT, More than 400 leading Chinese and African business leaders are expected to attend the 2nd China-Africa Investment Forum to be held in the central Moroccan city of Marrakech on Nov 27 and 28.

Over the two days, conferences, debates and workshops will be held to boost economic relations between China and Africa, as well as to help the two sides to understand each other better, according to a media statement announcing the event issued here over the weekend.

The forum, aimed at promoting sustainable partnerships would be held as part of China's One belt, one road initiative, a development strategy put in place by Chinese President Xi Jinping aiming to connect the Asian giant with other countries, both economically and politically.

China already has more than 10,000 businesses engaged in Africa which generate more than 60 billion US dollars in turnover annually, while trade between China and Africa amounts to 122 billion USD. In 2016, non-financial direct investments from China in Africa rose 31 per from the previous year to reach 2.5 billion USD.

The location of the forum was announced by Morocco's Minister of Industry, Trade, Investment and Digital Economy, Moulay Hafid Elalamy, whose Ministry is organizing the event in conjunction with the Jeune Afrique Media Group and China's BOAO Business Consulting.

Source: NAM NEWS NETWORK