2013-09-17 17:02:04 -
As the world sets its eyes on pouring investments in to Africa’s lucrative infrastructure and power sector, China is taking the lead.
China's investment in Africa’s has increased a staggering 30-fold since 2005, with 2,000 Chinese firms now present in 50 African countries. This number continues to grow at a phenomenal pace as the Sino-Africa tie grows stronger.
Key fact: Africa needs $93 billion per year over a decade to improve infrastructure, and maintain economic growth. Chinese investors and technology providers will be offered first preference on a large chunk of these lucrative investment opportunities in the coming years.
Key fact: China is now Africa’s biggest trading partner. African and Chinese officials continue to work together to deepen this incredibly successful partnership.
fact: Nigerian President Goodluck Jonathan visited China in July 2013 together with a dozen of his Cabinet Ministers to strengthen trade ties and open up new investment opportunities for Chinese Investors in Africa biggest oil producing country.
Key fact: Trade between China and South Africa reached around US$60 billion last year, nearly a third of total China-Africa trade. In 2013 President Xi Jinping visited Africa opening up further investment opportunities for Chinese investors looking to get involved in large scale projects.
Key fact: Kenya is set to become the new oil exporter in East Africa by 2016 and are actively looking to do business with Chinese investors and technology providers in the infrastructure and power space.
For the first time, a high powered delegation of Government Ministers and project developers from across Africa will come together in Beijing at The Africa Infrastructure and Power Forum on 31 October to 1 November 2013 to announce new projects and to present Chinese Investors and technology providers with the first investment opportunities in some of the biggest planned projects across the continent.
Ministers who will be presenting include.
H.E. Malusi Gigaba, Minister of Public Enterprises, South Africa
H.E. Regis Immongault, Minister of Industry and Mines, Gabon
H.E. Patrick Sendolo, Minister of Lands, Mines and Energy, Liberia
H.E. Willem Isaacks, Deputy Minister of Mines and Energy, Namibia
H.E Salvador Namburete, Minister of Energy, Mozambique
Project developers who will be announcing new projects include.
Tim Turner, Director, Private Sector, African Development Bank
Karen Breytenbach, Senior Project Advisor. PPP Unit. National Treasury, South Africa
John Mudany, Finance and Commercial Director, Kenya Electricity Generating Company
Kane Amadou Mamadou, Directeur Général de la Société de production d'électricité et de gaz
Siseho C Simasiku, CEO, Electricity Control Board, Namibia
The Africa Infrastructure and Power Forum will create a deal making environment where investors will not only be the first to hear about new projects being launched, but will also have the first opportunity to bid for projects and confirm deals.
“The Africa Infrastructure and Power Forum is the platform where deals are made between developers, bankers and investors. At this forum, we will present our latest projects and build on partnerships for our Africa50Fund, which will deliver profitable results in both the short and long term.” Timothy Turner, Director, Private Sector Operations, African Development Bank – Development Sponsor
The event is organised by EnergyNet and is part of a global portfolio of investment meetings, conferences and infrastructure events focused specifically on the power and industrial sectors across Africa. For more information visit www.energynet.co.uk : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww ..
The Africa Infrastructure & Power Forum
31 October -1 November 2013
The Ritz Carlton, Beijing
www.africainfrastructureforum.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww ..
" title="http://cts.businesswire.com/ct/CT?id=bwnews&sty=20130917006303r1&sid=16929&distro=ftp\"/>" target="_blank" rel="nofollow">cts.businesswire.com/ct/CT?id=bwnews&sty=20130917006303r1&am ..
For The Africa Infrastructure & Power ForumMelanie
: mailto:firstname.lastname@example.org Tel:
+44 (0)20 7384 8015