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Djibouti has become heavily dependent on Chinese financing after China opened its first overseas military base in the Horn of Africa country past year, a powerful signal of the continent's strategic importance to Beijing.

The world's second-biggest economy will be hosting the China-Africa summit starting on Monday and South Africa will co-chair that meeting.

It will speed up the industrialization and modernization of the continent, and push China-Africa cooperation to a higher level, said the Chinese diplomat. This has been a multilateral platform for exchange and cooperation.

Presidential spokesman, Garba Shehu, has said that Nigeria and China have completed arrangements to sign 328 million dollars agreement on the National Information and Communication Technology Infrastructure Backbone Phase 11 (NICTIB 11).

The FOCAC summit, that will be held at the Great Hall of the People, will be attended and addressed by United Nations Secretary-General Antonio Guterres and the African Union Commission Chairman Moussa Faki.

The initiative has emphasized infrastructure projects such as railways, highways and airways, and brought various opportunities for the development of infrastructure in Africa over the past few years, he said.

He said the initiatives, cover fields such as industrial promotion, infrastructure connectivity, trade facilitation, and green development.

According to the dispatch, President Weah reiterated Liberia's firm adherence to the one-China policy and expressed heartfelt gratitude for China's valuable support, especially the selfless help to Liberia in her fight against the Ebola epidemic in 2014 and 2015 respectively.

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Last year, the island nation had to grant a 99-year lease on a strategic port to Beijing over its inability to repay loans for the $1.4bn project.

He adds that this was not the only reason why the trip has been a success and why Ramaphosa is in China.

Under the China-Africa Industrialisation plan, Beijing promised to build or upgrade a number of industrial parks and set up regional vocational education centres and schools for capacity building. China-Africa trade volume amounted to 170 billion US dollars in 2017, up from just over 10 billion dollars in 2000, according to data from China's Ministry of Commerce. The focus will be on political and economic cooperation, social development cooperation, cultural and people exchanges, peace and security, and global cooperation.

Chinese companies were also encouraged to make at least US$10 billion in investment in Africa in the next three years, Xi said.

China has established 54 Confucius Institutes and 27 Confucius classrooms in 41 African countries. Unlike the past, President Xi openly flagged Beijing's intent to bolster African security.

Chinese state-owned companies have aggressively pursued large investments across African continent, whose vast resources have helped fuel China's transformation into an economic powerhouse.

Ghana and a dozen others signed agreements before the start of the summit for China to build more roads, develop the aviation sector, improve healthcare delivery and many more projects in their countries.


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