Chinese President Xi Jinping rounded up with his one week trip to Africa, visiting countries such as Senegal, Rwanda, South Africa, and Mauritius. During his trip, the Chinese President discussed and signed new trade and investment deals with these countries, in a bid to seize greater opportunities for the Belt and Road Initiative.
This trip was intended to reinforce China’s position as Africa’s closest economic and diplomatic allies and to sign off China’s growing engagement with the continent. The long-time existing Sino-African relationship has intensified in line with China’s need for natural resources to sustain its economic strength and swift industrialization. Regardless of the risky investment and political structures of the countries within the continent today, China has managed to enhance its oil and mining sectors in Africa through beneficial trade.
Olatorera Consultancy Limited provides business development services to high net-worth individuals and companies looking to grow, enter or do business in Africa.