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China has new projects in Guinea-Bissau and Cabo Verde


Thursday, 21 January 2016

China has new projects in Guinea-Bissau and Cabo Verde

The Chinese authorities and companies from China are launching new projects in Guinea-Bissau and Cabo Verde (Cape Verde), in areas such as fisheries, tourism and the media, which promise closer relations with the Portuguese-speaking countries of West Africa. The Guinean Prime Minister, Carlos Correia, last week held an audience with the Ambassador of China, Wang Hua, and both discussed a Chinese project to invest over US$300 million, in addition to establishing a free trade zone in the southern Biombo region. “The purpose [of the new projects] is to implement the spirit of the China-Africa Summit” ​​held in December in Johannesburg, targeting “within” three years lead to a new level the cooperation in agriculture, industry, education, health , infrastructure, culture and other areas, “thus boosting socio-economic development, says note the office of the Head of the Guinean government. In a week when a group of businesspeople and investors from China visited Guinea-Bissau, the statement added that the prime minister and ambassador, accompanied by the Secretary of State for International Cooperation and Communities, Suzi Barbosa, reviewed bilateral cooperation for 2016. The US$300 million project, sponsored by Fujian Shai Corp, aims to build a fishing complex and a luxurious five-star hotel in Prabis, 18 kilometres southwest of Bissau.

Source: MacauHub