Catherine Guo, Gong Pi-guo and Zhou Bo-lin, the General Manager of China Ji-Yang Stock-holding Corporation at the MASEN

With the CEO of Kenyan State Power Corporation

From June 18th to June 30th 2013, Ms. Catherine Guo and Mr. Gong Pi-guo from King and Capital and African Legal Affairs Center, traveled with the business delegation of the China Africa Joint Chamber of Commerce and Industry (CAJCCI) to Morocco and Kenya.

Delegation with the management of CMEC BANK

Gao Wei, the vice-Secretary of CAJCCI and CMEC BANK signing the “Cooperation Memorandum”

The delegation was lead by Gao Wei, the vice-Secretary of CAJCCI. The members of the delegation included: Xu Yue-er, the Director of the Public Relations Department of CAJCCI; Zhu Hui-biao, the Vice Manager of China Machinery Engineering Corporation; Chen Jian, the Senior Engineer of China Machinery Engineering Corporation; Zhou Bo-lin, the General Manager of China Ji-Yang Stock-holding Corporation; Hua Yu-liang, the General Manager of Jiaheng Science and Technology Corporation (Beijing); and Peter Chow, a member of the board of directors of a New York based private equity fund. The main purpose of the delegation was to inspect the prospects of cooperation between Chinese enterprises and enterprises within Morocco and Kenya in the area of new energy.

After signing the “Cooperation Memorandum” between CAJCCI and CMEC BANK  

Morocco is a relatively developed nation located in the northwestern part of Africa with a stable political situation. During this trip, CAJCCI and the Morocco Bank of Foreign Trade (CMEC BANK) signed a “Cooperation Memorandum”. CAJCCI also reached Letters of Intent with Ji-Yang Stock-holding Corporation, and the Moroccan Mutual Fund regarding energy conservation, farmland irrigation, and a solar energy power station. In addition, the delegation communicated with the Moroccan Agency for Solar Energy (MASEN), Moroccan Merchants Bureau, Morocco Association of Enterprises, and the Administration of the International Financial Center of Casablanca.

Delegation and Mr. Davis Chirchir, the Minister of Department of Energy and Petroleum of Kenya

In recent years, the development of China and Africa’s commerce has been growing rapidly. Following President Xi Jin-ping’s visit to Africa in March of 2013, there are more Chinese enterprises interested in investing in Africa. In September, 2012, King and Capital Law Firm and the China Africa Industrial Forum jointly established the African Legal Affairs Center. The Center focuses on providing legal services to the Chinese enterprises that invest in Africa in order to minimize legal risks.