Recently, the Hubei Branch of the Export-Import Bank of China has issued a total of 500 million yuan of overseas investment loans to Huaxin Cement Co., Ltd. for the acquisition of the shares of Natal Portland Cement Co., Ltd. in South Africa to help China and Africa jointly promote the modernization of opening up and win-win.
The project is an important measure to actively respond to the national "the Belt and Road" initiative and implement the "Ten Partners Action" for cooperation with Africa. The project will play an active and effective role in promoting economic growth in South Africa and Mozambique, saving and earning foreign exchange, creating local employment and training local talents.
Huaxin Cement is one of the earliest cement enterprises in China's building materials industry to go out. Since 2011, Huaxin Cement has invested in cement plants in Tajikistan, Cambodia, Uzbekistan, Tanzania, Zambia, Malawi and Oman.
In the next step, the Hubei Branch of the Export-Import Bank of China will continue to play the role of policy-oriented finance, focusing on the advantages and main responsibilities of the Bank, helping enterprises to go out with practical actions, and providing strong support for practical cooperation in various fields between China and Africa.
