3.7.3 China will undertake 10 digital economy assistance projects for Africa, support the
development of African digital infrastructure, and continue to hold the China-Africa Digital
Cooperation Forum and the China-Africa BDS Cooperation Forum.
3.7.4 China will work with Africa to improve the China-Africa technology transfer and
innovation cooperation network, hold the China-Africa innovation cooperation and
development forum, and support the development of China-Africa joint laboratories,
partner institutes, and scientific and technological innovation cooperation bases.
3.7.5 China is ready to enhance communication and exchanges with governments of
African countries and organizations like “Smart Africa”, to boost the innovative
development of digital technology in Africa and China-Africa digital cooperation. The two
sides will enhance cooperation in the ITU, WRC and other international organizations,
and promote coordination on personnel training, internet connectivity, and innovation
center building, among others. The two sides will carry out strategic consultation on ICT
policies and development, to make joint efforts to narrow down the digital gap for Africa
and promote the building of information society in Africa.
3.7.6 China will work with African countries to expand Silk Road e-commerce
cooperation, jointly formulate a China-Africa inclusive development plan for e-commerce,
hold online shopping festivals featuring quality African products and tourism e-commerce
promotion activities, and launch a campaign to market a hundred African stores and a
thousand African products on e-commerce platforms. The two sides will enhance policy
communication and information sharing in digital economy, conduct capacity building
cooperation, share experience on the use of e-commerce for poverty reduction, elevate
digital capacity of SMEs, and share digital economy dividends.
3.8 Finance
3.8.1 China will continue to provide concessional loans and other financial support to
African countries. Loans will be offered on a more concessional basis and innovative
ways of financing will be explored, to support Africa’s infrastructure development, energy
and resources development, agriculture, manufacturing and the comprehensive
development of the whole industrial chain of Africa.
3.8.2 On the basis of observing multilateral rules and procedures, China will support
African countries in making even better use of resources from the Asian Infrastructure
Investment Bank, the New Development Bank, the Silk Road Fund the China-Africa
special fund for development financing and the special Loan for the Development of
African SMEs, further broaden and optimize financing channels for Africa, and support
the development of African SMEs through accessible and affordable loans. China will
provide 10 billion US dollars in credit line to African financial institutions and support the
development of small and medium-sized African enterprises on a priority basis.
3.8.3 The two sides acknowledge the role of the China-Africa Financial Cooperation
Consortium in promoting trade, production capacity cooperation and infrastructure
development. The two sides encourage deeper cooperation between financial institutions,
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