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

JOHANNESBURG, SOUTH AFRICA – EQS – 22 August
2019 – To support
growing energy cooperation and investment between China and Africa, the African
Energy Chamber (https://EnergyChamber.org/) is organizing a working visit to
Beijing next week.

Led
by Executive Chairman Nj Ayuk, the delegation from the Chamber will be meeting
with CEOs and Chairmen from China’s state-owned energy companies and the
private sector, along with key industry associations in China. The visit aims
at further introducing the Chamber to the Chinese market following a series of
roadshows organized in China by the Chamber over the past two years and
increasing demand for investment information on Africa by Chinese investors.

“The
investment appetite of Chinese companies for Africa is only getting stronger
given current international trade and business dynamics,” said Mickael Vogel,
Director of Strategy at the Chamber. “We are receiving an increasing number of
requests from Chinese companies to join the Chamber, especially to gain access
to the latest investment opportunities in Africa, and to credible and reliable
information on African energy markets. Our visit will be consolidating several
relationships we have developed over the past two years and will lead to
discussion on major energy deals for Africa.”

Last
year, Chinese President Xi Jinping pledged an additional $60bn for African
development over the next three years during the Forum on China-Africa
Cooperation. Traditionally, a large majority of Chinese investments have been
made in energy and transport, especially oil & gas, power, mining, railways
and airport infrastructure.

As
Chinese investment into Africa increases, the Chamber is assisting several
Chinese companies in navigating Africa’s fast growing energy markets. The move
is part of the Chamber’s support to a large and expanding base of investors
seeking to do business in Africa, mostly from China, Russia, India the Middle
East and Turkey.

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