1. December – Egypt: A consortium consisting of China State construction Engineering Corporation (CSCEC) and China Wengfu Group signed a deal with Egypt state-operated Phosphate Misr Company for the construction and operation of a new phosphoric acid plant located on Egypt’s Abu Tartour Plateau. The total investment in the project is set to be USD 848mn

2. December – Ghana: Ghana’s finance minister, Kenneth Ofori-Atta, signed an agreement on behalf of the Ghanaian government with Chinese Ambassador to Ghana, Wang Shiting for a grant of USD 42.6mn for Ghana to cover expenses related to existing economic and technical cooperation projects between China and Ghana

3. December – Zambia: China Jiangsu International Economic and Technical Corporation Group has been selected by the Zambian government to build a new international Conference Center in anticipation of Zambia hosting the AU Summit in 2022. The Center will include a 2,500 seat hall, and a 600 seat press center

4. January– Namibia: Ohorongo Cement, was acquired by West China Cement on January 3rd for USD 104mn. Situated in the northern part of the country, Ohorongo Cement is the largest cement manufacturing company in Namibia, and was initially set up to supply Namibian and Angolan markets following a surge in the construction sector of the two countries

This article is published in The Econometer section of ChinAfrica magazine (February 2020), an English and French language monthly publication that provides news, views and analysis on all things China, Africa and China-Africa relations

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