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Hu wraps up tour with Mauritius deals
Wed, 18 Feb 2009 10:13
By TradeInvestAfrica Staff



Chinese President Hu Jintao wrapped up his African tour yesterday with deals worth more than $270 million in Mauritius.

The deals signed in the Indian Ocean Island include a $260 million loan to extend the country’s main airport terminal building, a $6.5 million interest-free loan, and $5 million grant.

Hu and Prime Minister Navinchandra Ramgoolam also discussed plans by China to create an industrial zone outside Port Louis worth $750 million that is expected to create 34,000 jobs.

The Chinese leader pledged continued aid to Africa despite his country's economic downturn, as he wound up a four-nation visit to the continent.

Trade between China and Africa jumped 45% in 2008, with Chinese exports to the continent up 36.3% and its imports, mainly oil, soaring 54%.

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