China Development Bank gives CEIBS $1.5m to develop African project in Ghana

The China Development Bank (CDB) has signed an agreement with the China Europe International Business School (CEIBS), granting the school $1.5 million to further develop its African project in Ghana, the Xinhua News Agency reports November 5, 2011.

The agreement was signed Saturday November 5 in Beijing, China, between the CDB, one of China’s three policy banks and the CEIBS, according to the state-run news agency.

“By sharing China’s experience in economic reform and development with our partners in Africa, they will formulate development policy that fits their own needs in order to boost social and economic development,” Wang Yuan, CDB’s chief economist was quoted as saying.

“CEIBS’ Africa Programme in Ghana will play an important role in improving the management capabilities of African companies, and enhancing CEIBS’ position of Global Breadth. It will make a significant contribution to strengthening the friendship between China and African countries,” said Professor Zhu Xiaoming, Executive President of CEIBS in a statement on the school’s website.

CEIBS’s Africa Programme was established in 2008 to help set the stage for this transformation. The Programme is in its third year of operation.

In a related development a senior Chinese legislator is due to visit Ghana, Zimbabwe and Benin.

Zhou Tienong, vice chairman of the Standing Committee of the National People’s Congress, China’s top legislative body, left Beijing Saturday for a visit to Ghana, Zimbabwe and Benin, the Xinhua news agency said.

By Ekow Quandzie

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