Morocco city of Marrakech is set to play host to the second China-Africa Investment Forum (CAIF) that will run from November 27-28th.
The forum will bring together more than 400 high level Chinese and African business leaders.
According to a statement by the organizers, the forum will address the necessary conditions for the China – Africa economic partnership to reach its full potential. There will be business meetings between the main stakeholders of trade and investment between China and African countries in order to foster sustainable partnerships with high added value, particularly in the industrial sector, the statement said.
The forum dedicates two days of conferences and debates to the financial implications for African economies and making the continent a true industrial platform, it pointed out.
There will also be practical workshops which will provide insights into and keys to understanding Chinese and African economic policies and operational environments.
With more than 122 billion U.S. dollars in trade and 2.5 billion dollars of non-financial direct investment in 2016, China is Africa’s most important trading partner today, the CAIF pointed out.
China has over 10,000 companies active on the continent and the value of its trade with Africa ($190b in 2016) exceeds that of India, France and United States combined.
The launch of the Belt and Road Initiative means Africa needs to equip itself with the tools to effectively receive and use Chinese investment to accelerate its economic transition, the statement said.