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
-
CEMAC: Central Bank maintains optimistic forecast for inflation drop to under 3% by 2025
19:40
-
CEMAC Central Bank Sees Inflation Dropping Below 3% in 2025
19:22
-
Togo Launches Regional Development Plan Framework to Align Local and National Policies
18:49
-
Cameroon: Hydrocarbons Fund Posts 158% Profit Surge in 2024 as Gas Subsidies Rise
18:45
-
Mercedes Trucks to Launch Truck Manufacturing Facility in Senegal
18:25
-
Ivorian Fily Sissoko Appointed World Bank Director for Mozambique and Four Other Countries
18:14
-
NAIMOS, Ghana’s New Tool to Crack Down on Illegal Mining
17:58
-
Global Educational Innovation Enters Nigerian Lecture Halls
17:32
-
Benin Signs Three Deals to Boost Digital Transformation
14:50
-
Pesapal Expands Digital Payments Across Africa
14:22
Lebara Group is now bringing its affordable and reliable mobile services to Africa, starting with Ni...
• Gates Foundation commits $1.6 billion over five years to Gavi.• Bill Gates warns of rising ch...
Transport and food prices have been climbing steadily across Africa in recent years. In Côte d’Ivoir...
In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...
• Maritime sector faces renewed risks amid military tensions in the Middle East• Blockade fears at S...
• Mercedes Trucks signs agreement with Senegal to build a truck and commercial vehicle assembly plant.• The project will create hundreds of jobs...
• Ghana launches NAIMOS as the central authority to combat illegal mining activities nationwide.• The secretariat’s mandate includes environmental...
• Two major Nigerian universities to host innovative training programs focused on leadership, innovation, and sustainability.• 200 students and teachers...
• India’s NMDC launches a strategic center in Dubai to boost mining acquisitions in Africa.• A three-year copper and cobalt exploration campaign starts in...
In northern Ethiopia, in the Tigray region, lies Axum (also spelled Aksum), an ancient city that once stood at the heart of one of Africa’s most powerful...
Lake Natron, located in northern Tanzania near the Kenyan border, is one of the most extraordinary and extreme lakes in Africa. Fed primarily by the Ewaso...