African Energy Chamber to Conduct Working Visit in Beijing and Discuss Energy Deals with Chinese Investors

August 22, 2019 - 08:58
African Energy Chamber to Conduct Working Visit in Beijing and Discuss Energy Deals with Chinese Investors

JOHANNESBURG, SOUTH AFRICA - EQS - 22 August2019 - To supportgrowing energy cooperation and investment between China and Africa, the AfricanEnergy Chamber (https://EnergyChamber.org/) is organizing a working visit toBeijing next week.


Ledby Executive Chairman Nj Ayuk, the delegation from the Chamber will be meetingwith CEOs and Chairmen from China's state-owned energy companies and theprivate sector, along with key industry associations in China. The visit aimsat further introducing the Chamber to the Chinese market following a series ofroadshows organized in China by the Chamber over the past two years andincreasing demand for investment information on Africa by Chinese investors.


"Theinvestment appetite of Chinese companies for Africa is only getting strongergiven current international trade and business dynamics," said Mickael Vogel,Director of Strategy at the Chamber. "We are receiving an increasing number ofrequests from Chinese companies to join the Chamber, especially to gain accessto the latest investment opportunities in Africa, and to credible and reliableinformation on African energy markets. Our visit will be consolidating severalrelationships we have developed over the past two years and will lead todiscussion on major energy deals for Africa."


Lastyear, Chinese President Xi Jinping pledged an additional $60bn for Africandevelopment over the next three years during the Forum on China-AfricaCooperation. Traditionally, a large majority of Chinese investments have beenmade in energy and transport, especially oil & gas, power, mining, railwaysand airport infrastructure.


AsChinese investment into Africa increases, the Chamber is assisting severalChinese companies in navigating Africa's fast growing energy markets. The moveis part of the Chamber's support to a large and expanding base of investorsseeking to do business in Africa, mostly from China, Russia, India the MiddleEast and Turkey.


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