Sino-African trade ties poised to prosper

In good taste: A worker prepares loaves of bread at a bakery in Hodan district in Mogadishu, Somalia. China’s investments in Africa encompass a wide range of sectors, including construction, manufacturing, technology, retail, agriculture and finance. — Reuters

BEIJING: The diverse nature of Sino-African cooperation and its highly complementary trade structure will play a key role in supporting the economic and social development of both sides in the years ahead, government officials and business executives say.

The optimistic outlook is underpinned by shared economic interests and their efforts to enhance synergy between the Belt and Road Initiative and the many national development programmes of African governments, such as Kenya’s Vision 2030, Ethiopia’s Growth and Transformation Plan II and Egypt’s Vision 2030.