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

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.