Morocco and China have enhanced their cooperation by signing the joint Belt and Road implementation plan. Launched in 2013 under the name One Belt, One road, the plan aims to facilitate trade a technological cooperation facilitate trade, research and technological cooperation, seals a strategic partnership between the two countries. When implemented, the deal should see the two nations create joint ventures in the energy industry. China also vows to encourage Chinese businesses to invest in Morocco while granting funds for large development projects in the African country. Morocco was the first Maghrebi country to adhere to the Belt and Road initiative.
SOURCE: AFRICA NEWS
More Stories
Tunes from the Rose of Bamako
National Carriers Across Africa are Going Through the Same Turbulence
Zimbabwe’s Political Options Just Expanded
Protecting Forests from Developers has been a Daunting Task in Kenya
Looking to Relocate To and Live in Africa?
Storm Leaves Trail of Destruction in Mozambique
First Kenyan to Reach the Third Round of a Grand Slam in any Singles Event
Researchers are Creating Translation Tools to Recognize and Promote African Languages
Cameroon Shocked after Tragic Event at Stadium
The Man Tasked with the Preservation of African Heritage
Local Footballers Protect Ghana’s Sea Turtles
Economic Pinch Forces Sudan’s Hand