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Yankuang Group entered a MoU on cooperation with Mauritius

2018-09-06 16:50:00

During the Beijing Summit of the Forum on China-Africa Cooperation, Mr. Li Xiyong, the Secretary of Party Committee and Chairman of Yankuang Group, held a meeting with the Mauritian government delegation in Beijing. The signing of the Cooperation Memorandum of Understanding between the two parties marks a new chapter for Yankuang Group to enter the emerging markets in Africa.

Mr. Li said that, Yankuang Group sent a delegation to visit Mauritius in late August. The delegation had meetings with the government departments and enterprises such as the Mauritius Economic Development Board, the Ministry of Technology, Communication and Innovation, the Financial Services Commission, the State Investment Corporation, and Mauritius Telecom, and broad consensus were reached. Africa has vast land and abundant resources. There is a promising prospect of friendly cooperation between China and Africa. Yankuang Group, as a Fortune Global 500 company and one of China's largest energy enterprises, is willing to participate in the “Belt and Road initiative” with African countries on the basis of traditional friendly relations and open up economic and trade cooperation, so as to build a closer community of fate between China and Africa.

Mr. Li said that the development pattern of Mauritius is highly compatible with the internationalization strategy of Yankuang, and it is the preferred place and bridgehead for Yankuang to further invest in Africa. Yankuang will give full play to its advantages in capital, technology, talents and global operational experience to establish a technology center or a joint venture in Mauritius. Yankuang planned to provide a wide range of digital, community, technological (including Beidou satellite navigation system) and financial services for Africa based on Mauritius.

Dharam, Deputy Secretary of the Finance Ministry of Mauritius,pointed out that Mauritius is a member of COMESA (“Common Market for Eastern and Southern Africa”) and SADC (“Southern African Development Community”). It is an important gateway to Africa, with a superior geographical position, sound infrastructure and a good investment environment. In recent years, the government has been committed to building smart cities, smart farms, building “Digital Mauritius” and focusing on building Mauritius into a digital center in Africa. The Mauritian government warmly welcomes Yankuang Group to invest in Mauritius.

The two sides agreed to carry out in-depth cooperation in infrastructure construction, digital Africa, financial investment, mineral resources development, Beidou satellite navigation applications, etc., and work together to open a new era of cooperation and win-win, common development.