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
-
Congo Launches $595M Rail Overhaul to Reconnect Capital to Main Trade Port
03:01
-
OAPI and WIPO Launch Regional Innovation Network to Strengthen Intellectual Property Across 17 Countries
18:40
-
Cameroon’s Lékié Road Project Seeks CFA11 Billion More as Costs Climb and Delays Mount
18:36
-
Chad Looks to Cameroon to Strengthen Fuel Storage and Secure Supply Chains
18:25
-
Cameroon Fast-Tracks Kribi Refinery in Push to Cut Fuel Imports and Regain Energy Control
18:23
-
Madagascar Sets September 2027 for Presidential Election
18:22
-
Africa Views China and U.S. More Favorably Than Russia (Afrobarometer)
18:19
-
Guinean Start-Up Fifoow Targets Informal Trade With Digital Marketplace
18:08
-
Morocco Commits $33 Million to Support Flood-Hit Farms
18:05
-
Ghana Finalizes AI Roadmap With Focus on Data and Skills
17:56
Amazon begins talks with Kenya on low-Earth orbit satellite broadband Kenya’s digital market ...
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...
DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...
BOAD says sovereign bond purchases are liquidity management Member states accelerate borrow...
Congo launches $595 million Congo-Ocean Railway overhaul Project to replace tracks, repair bridges, modernize stations Upgrade aims to boost...
Authorities set September 2027 as the date for Madagascar’s next presidential election under the Refoundation program. The roadmap outlines three...
Only 36% of Africans view Russia’s economic and political influence as positive, while 23% rate it negative, according to Afrobarometer. China...
The government mobilized 300 million dirhams ($33 million) to support farms hit by floods in the Gharb and Loukkos irrigated areas. Authorities...
Rwanda’s capital immediately impresses visitors with its striking cleanliness and orderly layout, qualities that frequently set it apart from other cities...
More than 500 media leaders gathered in Nairobi on Feb. 25–26 for the fourth African Media Festival under the theme “Resilient Stories: Reinventing...