Paul Kagame calls for private-led investments in Africa-China cooperation

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President Paul Kagame has remarked that private sector must be at the centre of Sino-Africa cooperation for the two to realise their development targets. Kagame was speaking Tuesday at the closing of the Forum on China-Africa Cooperation Summit (FOCAC 2018) in Beijing, China.
The two-day high level meeting was held under the theme “Toward an Even Stronger China-Africa Community with a Shared Future.”
“Long-term private sector-led investment in key sectors of production in Africa is (…)

President Paul Kagame has remarked that private sector must be at the centre of Sino-Africa cooperation for the two to realise their development targets. 
Kagame was speaking Tuesday at the closing of the Forum on China-Africa Cooperation Summit (FOCAC 2018) in Beijing, China.

The two-day high level meeting was held under the theme “Toward an Even Stronger China-Africa Community with a Shared Future.”

“Long-term private sector-led investment in key sectors of production in Africa is essential. The concrete targets offered by President Xi Jinping in this domain are very much welcome and appreciated,” said Kagame alongside other Heads of State and Governments representing 53 African countries.

FOCAC concluded with the adoption of the Beijing Declaration and the FOCAC Beijing Action Plan (2019-2021).

The summit revolved around China-Africa win-win cooperation and common development.

President Kagame said that of particular importance is that the Beijing Action Plan is intended to boost Sino-Africa existing development frameworks.

“The Forum’s expanded cooperation areas will surely bring us closer to our goals. In today’s global political climate, it is even more important to reaffirm our commitment to an open international order characterised by peace, security, multilateralism, free trade, mutual respect and cooperation where everyone benefits,” he said.

Currently the Chairman of African Union, President Kagame urged the FOCAC participants to remain focused on the resolutions adopted yesterday.

“If we remain guided by the spirit of the 2018 Beijing Summit, I have no doubt that we will have even more good results to celebrate at our next gathering in Africa,” he remarked.

The two-phase roundtable meeting was chaired respectively by Chinese President Xi Jinping and President Cyril Ramaphosa of South Africa, the co-chair of FOCAC.

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