High optimism as China, Tanzania move to implement FOCAC’s ‘Nine Programs’

What you need to know:

  • Within the seven months following the 8th ministerial conference, Chinese companies invested $2.17 billion in Africa, and over two billion of the $10 billion of trade finance was allocated.
  • More African agricultural produce has reached the Chinese market through the “green lanes”, and over three billion has been delivered out of the $10 billion of credit facilities pledged to African financial institutions.