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    MarketForces Africa » MarketForces News » China, Africa Sign MoUs on Climate Change

    China, Africa Sign MoUs on Climate Change

    Julius AlagbeBy Julius AlagbeSeptember 2, 2024 News No Comments2 Mins Read
    China, Africa Sign MoUs on Climate Change
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    China, Africa Sign MoUs on Climate Change

    The Chinese government announced on Monday that it has signed 19 Memoranda of Understanding (MoUs) on South-South cooperation on climate change with 17 African countries.

    This was disclosed by government officials during a joint news conference for the 2024 summit of the Forum on China-Africa Cooperation (FOCAC) from Sept. 4 to Sept. 6 2024 in Beijing, China.

    The officials include Ms Xu Jianping, Director-General, Department of Regional Opening-up of National Development and Reform Commission (NDRC), and Mr Wang Heming, Director-General, Bureau of Sub-Saharan African Affairs of International Department, Central Committee of CPC (IDCPC).

    They stated that climate change was a common challenge facing mankind, requiring joint efforts from all countries.

    The officials highlighted China’s active response to climate change and its constructive promotion of the multilateral process.

    “The declaration on China-Africa Cooperation on Climate Change defines the establishment of a strategic cooperative partnership on climate change and launches a special action plan.

    “China has signed MoUs with 17 African countries in the construction of low-carbon demonstration zones and has provided various forms of assistance, including satellite systems, solar photovoltaic power stations, and energy-saving lamps, to support climate change mitigation and adaptation projects.

    “In terms of capacity building, over 400 officials, experts, and technicians from African countries have participated in capacity-building workshops on South-South cooperation on climate change.

    “China has also proposed the African Light Belt project to develop and implement cooperation in clean energy development.”

    The officials reiterated China’s willingness to strengthen cooperation with African countries in tackling climate change, enhance their capacity to address climate change, and contribute to building a win-win global climate governance system. #China, Africa Sign MoUs on Climate Change

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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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