China-Africa Development Fund


On September 10, 2019, during the fifth Africa Investment Forum held in Brazzaville, the capital of the Republic of Congo, SUS Environment and China-Africa Development Fund signed a strategic cooperation framework agreement. Dr. long Jisheng, chairman of SUS, and Mr. Yang Baohua, chairman of China-Africa Development Fund, signed on behalf of both parties.

Leaders from the Republic of the Congo, Angola, the Central African Republic, Equatorial Guinea, the Democratic Republic of the Congo and Rwanda and vice minister of finance of the people's Republic of China Xu Hongcai attended the forum and witnessed the signing of the agreement.

According to the agreement, the two parties will give full play to their respective advantages, actively respond to and serve the country’s “Going Global” and “Belt and Road” initiatives, and effectively promote project investment cooperation in Africa and Portuguese-speaking countries. Both parties will study and promote the expansion of cooperation on the basis of investment projects to achieve a win-win situation.

At the Forum on Climate Smart Energy on September 11, Long Jisheng also shared with experts and leaders from the world bank, International Finance Corporation, African Development Bank, French Development Agency, Deloitte and other institutions the successful experience of China's waste-to-energy industry under the PPP mode. He said that waste-to-energy is a renewable energy and one of the main ways to reduce carbon emissions. The large-scale development of waste-to-energy in China has brought about a sharp drop in cost, which is helpful for developing countries to introduce waste-to-energy technology at a lower cost. He hoped that African governments could make good plans and standards, and make full use of PPP mechanism to develop clean energy projects such as waste-to-energy.

As China's leading investment, construction and operator of waste-to-energy, SUS will also join hands with China Africa Development Fund to jointly develop and promote waste-to-energy projects with local enterprises, so as to benefit Africa with China's cost-effective technology and services.

SUS hopes to help African countries invest and construct waste-to-energy projects, serve nearly 600 million people without electricity in Africa, and contribute to "lighting up Africa".

The fifth Investment Forum on Africa was jointly sponsored by the Ministry of finance of China, the world bank, China Development Bank and the government of Congo (Brazzaville). With the theme of "Strengthening Cooperation to Promote Employment and Economic Diversification in Africa", the forum focused on five topics, including Human Capital Development, Digital Economy and Innovation, PPP Model and Investment Environment, Industrialization and Global Value Chain, and Climate Smart Energy. More than 600 government officials, think tank experts, representatives of the private sector and financial institutions, as well as representatives of multilateral and bilateral development institutions and international financial organizations from China and African countries attended the forum.