Botswana: Chinese firms to build textile park

  1. Posted on Thursday 2 April 2009 - 09:25
    Sam Banda Junior
    Image of Sam Banda Junior
    Sam Banda Junior, AfricaNews reporter in Blantyre, Malawi
    Two Chinese firms have invested $52 million which will see them building a textile industrial park in Botswana. They are Daheng Holdings Group and Touch International Holdings Group. According to media reports in the country the project is expected to generate $280 million in foreign revenue.
    china_africa.jpg
    The groundbreaking ceremony for the industrial site is said to have already taken place and was witnessed by the southern African country’s cabinet ministers.

    Media reports in the rich diamond country said the Phakalane Industrial Park will be the first phase of the project, which will major in textiles and clothing products.

    Managing Director of Touch International, He Liehui was quoted as saying that the project was conceived in November 2006 during the China-Africa Summit in Beijing.

    He said the two companies were encouraged to come to the southern African nation to build an industrial park by former president Festus Mogae.

    “We acknowledge the great support from government for the project,” said Liehui adding that his company started to invest in the country in 1998.

    An allAfrica.com report quoted one of the Chinese companies Daheng Group saying it anticipates that 66 companies from all over the world will build factories in the park, creating 8,000 jobs.

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