On September 3, 2018, Deputy Director General Joyce Zhang and International Cooperation Director Hu Jiewen of FCSSC, along with CEO Hai Yu and Co-founder Yu Yongjie of the Made in Africa Initiative (MIAI), met the President and management team of African Export-Import Bank (Afreximbank) in Beijing. The three parties exchanged their views on and discussed the next plan for cooperation in fund establishment, industrial park development, China-Africa trade, capacity building, etc. after the strategic cooperation agreement was signed this June.
The Financial Center for South-South Cooperation (FCSSC) signed a strategic cooperation agreement with Afreximbank and MIAI in Beijing on May 19, 2018, whereby the three parties will pull together to promote China-Africa trade development with the help of diversified financial instruments and resources. They also plan to build a financing platform worth USD 1 billion to accelerate industrialization in Africa.