Africans In China

China has given Equatorial Guinea EUR5.7 million towards a series of public works projects in the oil-rich former Spanish colony, the country’s state radio reported Monday.
The report said agreements were signed on Sunday during an official visit by Chinese Vice Minister for Foreign Trade Chao Wu-Chen.
China agreed to give the EUR5.7 million to fund a number of government projects in the Gulf of Guinea, according to the report.
The country is currently the third-biggest oil producer in sub-Saharan Africa after Nigeria and Angola, producing some 500,000 barrels a day.
Since the increase in oil exploitation in Equatorial Guinea, China has invested heavily in the country’s construction, public works, oil and electricity industries.

(AFP)

Tags: Guinea

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