New Telegraph 
…As trade volume hits $282.1bn
The Chinese Government has underscored the need for more skilled human resources in specific technical areas to drive Africa’s development as China prepares to provide $50.6 billion in financial support for Africa over the next three years.
Disclosing this, the newly-appointed Chinese Ambassador to Ghana, Tong Defa, mentioned that lack of professional and skilled talent was a significant bottleneck hindering Africa’s sustainable development, hence the Chinese government will intensify its support for education and human resources development of youth in Africa.
Thebftonline.com quoted Defa as highlighting the 10-point partnership actions for China-Africa cooperation unveilled earlier this year. The agends include the modernisation of industry, agriculture, trade, investment, training and infrastructure.
Others are access for Africa’s goods to the Chinese market, 30 infrastructure connectivity projects, development cooperation comprising 1,000 livelihood projects and creating at least one million jobs for Africans.
“To implement the 10 partnership actions, the Chinese government will provide RMB 360 billion yuan ($50.6billion) of financial support through the next three years.
“While making up these grand blueprints, both the Chinese and the sides have identified lack of professional and skilled talent as a major bottleneck holding back the independent and sustainable development of Africa,” he said.
Given this situation, he reiterated that the Chinese government is resolved to intensify its support of education and human resources development.
The ambassador emphasised that President Xi Jinping has underscored China’s commitment to ensuring no country is left behind in global modernisation, hence China views Africa as a vital partner and is dedicated to strengthening synergy between the Belt and Road initiative and African Union’s Agenda 2063.
The expected $50.6 billion will include a $29.4 billion credit line, $11.2 billion in various forms of assistance and at least US$9.8 billion of investment in Africa by Chinese companies.
It’s widely recognised that Africa is a new pole to drive global economic growth – and the vast continent has huge growth potential, but Africa’s development and economic transformation needs international business management personnel and pioneering entrepreneurs.
Even though entrepreneurs and small-scale businesses dominate economies on the continent, most of them lack the requisite skills to grow and ensure sustainability; hence the need for skills enhancement initiatives to develop this talent.
At the China Europe International Business School (CEIBS) Ghana-Nigeria graduation ceremony, Ambassador Tong emphasised how crucial elite entrepreneurs in Ghana and Nigeria are for driving African and national modernisation and economic transition.
He is optimistic that focusing on education and human resources development will yield longterm benefits for the continent. Sp3cifically, Mr. Tong shared that China’s development provides historical opportunities for Africa and Ghana.
“The relationship between China and African countries, including Ghana, have become unprecedentedly close,” he said. In 2023, China-Africa trade volume reached $282.1 billion.
China remained Africa’s largest trading partner and contributed more than 20 percent to Africa’s economic growth. By the end of 2023, China’s direct investment stock in Africa exceeded $40 billion.
