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Chinese companies have made substantial investments in mining to secure essential resources for their industries, while development banks have provided loans for infrastructure projects like railways and roads as part of Xi's Belt and Road initiative.
The coalition, built on principles of solidarity, cooperation, and respect for sovereignty and territorial integrity, saw Chinese and African ministers reviewing and adopting the Beijing Declaration and Platform for Action. This declaration, a comprehensive global agenda endorsed by 189 countries, is known as a transformative blueprint for advancing gender equality and empowering women and girls.
China’s BTR Group specializing in lithium-ion battery materials announced that it will construct a plant in Morocco’s Tangier Technology City. “The Moroccan project represents a total investment not exceeding $366 million, with the construction expected to take approximately two years,” BTR said in a statement on Wednesday.
During the initial five months of 2024, Egypt's fresh fruit exports surged to $1.268 billion, marking a significant rise from the $1.106 billion recorded in the same period of 2023, reflecting a $161.3 million increase as per data unveiled by the Central Agency for Public Mobilization and Statistics (CAPMAS).
Morocco's service exports reached a substantial $25 billion in 2023, marking a 16% increase compared to the previous year, according to the latest report by the World Trade Organization (WTO).
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