China has forged a community of common destiny with African countries in the pursuit of common development and prosperity, offering wisdom and resources to help tackle challenges the African continent has been faced with for decades, experts said.
It's high time for Asia and Africa to further unleash their potential, pursue untapped opportunities and achieve collective development, which will in turn strengthen South-South, South-North and Asian-African cooperation.
The Asian African Business Summit (AABS) kicked off here on Tuesday morning with the theme " Realization of Asia-Africa Partnership for Progress and Prosperity. "
South African Deputy President Cyril Ramaphosa said here Tuesday that infrastructure holds great potential for Asian-African cooperation.
Fall in prices of oil and other commodities are likely to slow economic growth in Sub-Saharan Africa to 4 percent in 2015 from 4.5 percent in 2014, the World Bank forecast on Monday.
As the Kasane Conference on the Illegal Wildlife Trade concluded Wednesday, challenges remain for the protection on wildlife, despite a statement reached by delegates from 32 countries and more than 20 inter-governmental and non-governmental organizations.
Chinese TV firm gets new chipset for expansion in Africa
Africa is benefiting from China's investment in infrastructure in the region as road and railway development coupled with enough power are key pillars in unlocking the continent's economic potential, experts said.
The European Investment Bank (EIB) and the Eastern and Southern African Trade and Development Bank, or the PTA Bank on Tuesday launched a 160 million-euro lending program to support investment across eastern and southern Africa.
A China-funded light railway, the first of its kind in east Africa, was inaugurated recently in Ethiopia's capital Addis Ababa amid warm applause from locals.
In recent years, the West has conjured up fantastic theories like "neocolonialism", "China is exploiting Africa's resources," etc., effectively throwing mud at China over its win-win cooperation with Africa.
With South African industries and schools reopening this week after a festive season break, the country braces for renewed power outages.
African economic researchers have called on African governments to tackle unemployment among the youth who they said are more exposed to conflicts and illegal activities in the continent.
The Moody's Investors service, a credit rating agency downgraded on Tuesday credit ratings for five largest banks in South Africa.
Kenya said on Monday it will continue to spearhead peace and diplomacy to resolve regional conflicts which have beset several countries in the region.
A report on Sunday underlined the need to boosting crisis response and financing for Africa's continued progress.
According to the latest figures released by the World Health Organization (WHO), more than 10,414 people have been infected with Ebola and nearly half of them have died.
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