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Led by executive chairman, Nj Ayuk, the delegation from the
Chamber will be meeting with CEOs and chairmen from China’s state-owned energy
companies and the private sector along with major industry associations in
China.
The visit aims at further introducing
the Chamber to the Chinese market following a series of roadshows organized in
China by the Chamber over the past two years and increasing demand for
investment information on Africa by Chinese investors.
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“The investment appetite of
Chinese companies for Africa is only getting stronger given current
international trade and business dynamics,” said
Mickael Vogel, director of Strategy
at the Chamber.
“We are receiving an
increasing number of requests from Chinese companies to join the Chamber,
especially to gain access to the latest investment opportunities in Africa, and
to credible and reliable information on African energy markets. Our visit will
be consolidating several relationships we have developed over the past two
years and will lead to a discussion on major energy deals for Africa.”
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Last year, Chinese President, Xi Jinping, pledged an additional
US$60bn for African development over the next three years during the Forum on
China-Africa Cooperation. Traditionally, a large majority of Chinese
investments have been made in energy and transport, especially oil and gas,
power, mining, railways and airport infrastructure.
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As Chinese investment into Africa
increases, the Chamber is assisting several Chinese companies in navigating
Africa’s fast-growing energy markets. The move is part of the Chamber’s support
to a large and expanding base of investors seeking to do business in Africa,
mostly from China, Russia, India the Middle East and Turkey. (Oil Review
Africa)
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