Africa has become a magnet for medium and high-end consumer business investment. This can be traced quite rightly to the ever-growing population in large urban cities across the continent. Africa's population has the entire world's population rate with a twenty per cent projection over the next five years.
Chinese investments in Sri Lanka have contributed to economic growth in Sri Lanka in terms of creation thousands of jobs for locals,infrastructure development and modification,on the contrary to allegations made in some quarters otherwise,a spokesman from the Chinese Chamber of Commerce in Sri Lanka(CCCSL)in Sri Lanka said.
In November this year, Uruguay and Hainan Province signed a framework cooperation agreement on the establishment of the Uruguayan Football Program which states the Uruguay Football Club, Latin Cultural, Education & Auction Center has been set up in Hainan, promoting exchange and cooperation in fields such as culture, education and sports between the two sides. Ambassador Fernando Lugris told us that he had visited Hainan many times and found more space for cooperation each time.
The COVID-19 crisis is affecting the entire world economy and of Africa in particular. No single country, state or Kingdom on the globe is left out from the consequences of the pandemic outbreak that has been devastating the world since the end of December, 2019.Key sectors on the African continent are experiencing a slowdown as a result of the pandemic. Air Transport, Tourism, Trade among others are obviously impacted.
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