Partnership for Investment and Growth in Africa (PIGA)

The implementation of the PIGA project is conducive to the implementation of President Xi’s initiative at the FOCAC Beijing Summit, which encourages Chinese companies to make at least US$10 billion of investment in Africa in the next three years,Jiang Xuejun, International Trade Centre’s Chief for Asia and the Pacific (September 2018)

Presentation

PIGA is a partnership of the Government of the United Kingdom (UK) of Great Britain and Northern Ireland’s Department for International Development (DFID), the China Council for the Promotion of International Trade (CCPIT), the China-Africa Development Fund (CADFund) and the International Trade Centre (ITC).

PIGA was officially launched on 22 October 2015 in London, on the sidelines of President Xi Jinping’s State Visit to the UK.

Goals

The PIGA project aims to increase investment-led exports and local development by increasing foreign investments and business partnerships in four African countries (Ethiopia, Kenya, Mozambique and Zambia).

PIGA is a component of Invest Africa, a large DFID programme linking private sector investors, buyers, financiers and governments in several African countries, to boost manufacturing and create jobs by increasing foreign direct investment (FDI).

Quotations from officials

China’s overseas investment will continue to grow. This will provide more opportunities for China-UK cooperation. The Chinese and British companies may also engage in tripartite cooperation in developing countries

Xi Jinping, President of the People’s Republic of China

African small and medium size enterprises (SMEs) are the growth levers to ensure local value addition and job creation. Increased Chinese investment support for African SMEs in the light manufacturing and agro-processing sectors will unlock opportunities to increase exports to regional and global markets. This is what we aim to achieve through PIGA

Arancha González, Executive Director, International Trade Centre

This partnership demonstrates how two donors, the UK and China, can work together with efficient multilateral agencies such as ITC, as catalysts for economic growth and poverty reduction in Africa

Julian Braithwaite, Ambassador and Permanent Representative of the United Kingdom to the United Nations Office at Geneva and other international organizations

Chinese funds supporting investments in Zambia

There are many funds supporting Chinese companies, including the following:

Fund name China-Africa Development Fund Silk Road Fund
Phone number (26)09 7474 8263  (Office in Zambia) (8610) 6388 680
Email address Zanbiya(at)cadfund.com  contact-us(at)silkroadfund.com.cn