East African Business Week (Kampala)

Burundi: China Supports Projects

30 August 2010

Bujumbura — China last week granted two donations to Burundi totalling 6.5 million U.S. dollars to support the country's development projects.

One donation was directed to the government's program of constructing schools and health structures and the other one was directed to socio-economic development projects in Burundi for the next five years.

The two financial agreements were signed between Burundian Foreign Minister Augustin Nsanze and Chinese Deputy Foreign Minister Zhai Jun.

Speaking to the press after the signing ceremony, Nsanze said that the first package amounts to 4,000,000 yuan (597,015 U.S. dollars) will be used to "buy iron sheets and nails for the construction of schools and clinics."

The second package amounts to 40,000,000 yuan (5,970,149 U.S. dollars) and will serve to support "socio-economic development projects during the next five years of the legislature."

"We are grateful towards the government of China for this support and all the support they have been giving us for many years," Nsanze said.

Tagged: Asia, Australia, and Africa, Burundi, Business, Central Africa, East Africa, External Relations, Infrastructure

Copyright © 2010 East African Business Week. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica aggregates and indexes content from over 130 African news organizations, plus more than 200 other sources, who are responsible for their own reporting and views. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica.

Comments Post a comment