China Yunhong Group to invest $300 mln in Burkina Faso over the next 5 years
Friday, 02 August 2019 13:44
Blank check company China Yunhong Group announces intention to invest $336.6 million, or about XOF200 billion, in Burkina Faso over the next 5 years.
“I represent China’s private sector and in Burkina Faso, I commit to injecting funds in sectors such as agriculture, health and mining,” CEO Li Yubao said on July 29 during a meeting with the Burkinabe President, Roch Marc Christian Kaboré.
Under this strategy, Li plans to build a pharmaceutical plant in the West African country and make it a hub for its activities on the continent. The envisaged investments come at a time when China and Burkina Faso are implementing an enabling environment for better relations, as part of the official reestablishment of their diplomatic links last year.
Additional Info
- communiques: Non
- couleur: N/A
Live News
-
African Airlines Passenger Traffic Rises 11.7% in January 2026
04:46
-
Meriam Bessa Uses AI to Restructure Influencer Marketing in Morocco
04:40
-
Orange Business Partners With Dakar Port to Advance Smart Port Strategy
04:37
-
Smart Africa, MeetKai Launch Sovereign AI Infrastructure Pilot in Five African Countries
04:24
-
Telemedicine Startup Kénèya Koura Seeks to Modernize Mali’s Healthcare System
04:18
-
DR Congo Plans Stronger Environmental Oversight in Mining Sector
04:08
-
Cameroon Retail Investors Put $45.9 Million Into Government Securities
04:05
-
Nigeria Rolls Out 1% Tax on Informal Businesses Under New Fiscal Framework
04:03
-
Togo raises 22 bln CFA francs on regional debt market
17:16
-
Luxembourg, through LuxDev, to finance higher education projects in Togo
13:26
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
Military escalation between Iran, Israel, and the United States has raised the risk of disruptions...
Central Bank of Nigeria said 20 commercial banks have met new minimum capital requirements, with...
DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...
Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...
African airlines increased passenger traffic 11.7% year-on-year in January 2026, among the strongest growth rates globally. Airlines increased capacity...
The government ordered the creation of a joint expert commission to tighten environmental oversight in the mining sector. Authorities identified...
Regideso plans to build a bottled water plant in Kinshasa, with construction potentially starting within three to four months. The utility will deploy...
Nigeria approved the implementation of a geolocation-based alphanumeric digital postal code system to improve address accuracy nationwide. The...
African-born artists generated $77.2 million in auction sales in 2024, down 31.9% year-on-year. Women artists accounted for about $22...
In April 2026, the Amani Festival will change venues. Forced to leave Goma for Lubumbashi due to growing insecurity, the event turns displacement into an...