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China Daily / 2023-10 / 25 / Page012

Chinese investment in Africa hits $1.8b in 1st half of 2023

By WANG QINGYUN | China Daily | Updated: 2023-10-25 00:00

China has seen robust investment growth in Africa over the years and is ready to continue to work with the continent to further advance bilateral cooperation in investment, said a senior official with the Ministry of Commerce on Tuesday in Beijing.

During the launch of a report on Chinese investment in Africa, Wang Dong, deputy head of the ministry's Department of Western Asia and African Affairs, said China has made over $1.8 billion of direct investment in Africa in the first half of this year, a year-on-year increase of 4.4 percent.

He said Chinese companies have carried out infrastructure projects worth over $400 billion in Africa.

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