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China's investment in Africa hit $ 60bn, South Africa's president

Monday 03 September 2018 02:36 PM

South Africa's president
South Africa's president

By Ahmed Sabry
South Africa's president, Cyril Ramavosa, said China's investment in Africa reached 60 billion dollars, saying China was the continent's third largest investor.
 Ramavosa dded that his country encouraged all China-Africa partnerships to achieve sustainable development.

He pointed out during his speech at the African Economic Forum that the African market is the world's largest and most promising, stating that it is also the largest in importing and re-exporting raw materials as products.

He assured that his country is seeking to benefit from Chinese experiences in resource exploitation.