The China-Africa Development Fund, China's first investment-focused equity fund in Africa, has invested in 91 projects in 36 African countries The China – Africa Development Fund, China 's first equity – focused investment fund in Africa, invested in 91 projects in 36 African countries. a total investment of $ 4.5 billion When Hisense, a Chinese consumer electronics company, opened its plant in South Africa in 2013, local employees took the bus or car-pooled to to get to work and sometimes "jostling" to find a parking space.
"Some of the cars are second-hand or entry-level, but they still emphasize the improvement in income and level of life, "said Li Youbo, director of Hisense, said narrated Xinh Ua on Wechat.
Hisense, headquartered in the eastern city of Qingdao, has been expanding its operations in Africa since 2000, when it built a television production line in Johannesburg. In 2013, he opened another plant in Atlantis, about 50 km from Cape Town.
Last year, Hisense produced 261,000 refrigerators and 389,000 televisions in South Africa.
Liu Xin, general manager of Hisense, said Hisense South Africa hired 700 local employees, accounting for more than 90% of the total staff. 33 of them are senior managers and directors.
Reagan Adonis, 33, joined Hisense five years ago as a refrigerator quality inspector. Now he has been promoted to the supervisor in charge of the quality badessment of 13 production groups.
"My family could hardly make ends meet before finding a job here. But now, I am able to send my four children to school, "he said.
He also coaches the factory football team in his spare time. Last year, his team won the championship in the amateur football league of Atlantis.
Liu said the attendance rate in Hisense in South Africa was 98%, which was very impressive. . An employee named Lucky even helped us solve a technical problem regarding the rubber door seal of the refrigerator. "The Hisense plant in South Africa now also produces freezers, mobile phones, air conditioners, washing machines and kitchen appliances, which have entered the Hisense factory in South Africa. South Africa In addition to meeting the market demand in South Africa, the products are exported to a dozen other countries and regions of Africa including Mozambique, Zimbabwe, Malawi, Zambia , Mauritius As capacity increased, Hisense helped some of its employees to start their own businesses that provide ancillary products such as rubber refrigeration seals and condensers. able to lease equipment to Hisense during the initial phase of production.
"Such startups not only create greater space for Hisense development in South Africa but also accelerate industrialization. According to a researcher from the Qingdao Academy of Social Sciences, China-Africa cooperation has shifted from government aid to investment and corporate finance, general merchandise trade cooperation and processing trade, from project contracts to medium and high-end industries.
The China-Africa Development Fund, China's first investment-focused equity fund in Africa, has invested in 91 projects in 36 African countries, for a total investment of 4.5 billion of dollars. These projects should allow Chinese companies to invest more than 20 billion dollars in areas such as agriculture, infrastructure, cooperation and resource exploitation.
Jobs locally, echoing the goal of the Belt and Road initiative.