IslamicFinance.de

As the World Economic Forum on Africa (WEFA) ended on Friday, Mrs. Elzie Kanza, the Director and Head of Africa WEF, said about 50,000 social media items mentioned the Forum. The coverage had a total reach of over 2.1 billion - about 30 per cent of the world's population. Kanza said that the Chinese government had planned to invest US$42 billion in Africa, US$10 billion in investment financing, US$30 billion in extending credit lines and US$2 billion into a China-Africa investment fund. In the business sector, she said that the Dangote group is investing US$16 billion in Nigeria over the next four years and it is expected to create 180,000 jobs. Kanza added that another company will be investing US$1 billion across Africa in the next 10 years while 20,00 jobs will be created through the Digital Africa initiative.