Fan Wubing came to Africa, so naturally he did not just look at lions and elephants, or pyramids and sphinxes. In fact, he also had the intention of conducting detailed investigations into the investment environment in Africa, especially in terms of mineral resources.

In recent years, Fan Investment Group has spared no effort in mineral exploration, from Australian iron ore to Southeast Asia and Indonesia, it has achieved considerable results, but this is the first time it has come to Africa.

The African continent is rich in mineral resources. In recent years, African countries have tended to be politically stable, economically developed steadily, and social security has also improved and improved, creating good conditions for attracting investment.

In order to develop the economy and accelerate the industrialization process, many African countries have regarded the mining sector as the main area to attract foreign investment and have introduced a series of preferential policies and measures, and Africa ushered in the best investment opportunity period in history.

Africa is the oldest continent in the world, and it can be regarded as the richest continent in the world in terms of mineral resources and their generation conditions. The reserves of important mineral resources such as gold, diamond, platinum group metals, bauxite, diamond, uranium, etc. are all ranked first in the world. Mineral resources such as chromium, manganese, vanadium, Qin, copper, nickel, oil and natural gas are also very rich.

20% of the world's uranium and chromite reserves, 30% of the manganese and bauxite reserves, more than 20% of the vanadium and titanium reserves, half of the cobalt reserves, 90% of the platinum group metal reserves, more than 50% of the gold resources, 60% of the diamond reserves and 40% of the phosphate reserves are concentrated in Africa.

In addition, the reserves of mineral resources such as lead, zinc, antimony, and barite are also considerable.

And one thing is very important, that is, most deposits have high grades, continuous distribution, easy to exploit on a large scale, and have great investment potential.

However, due to the limitations of many factors such as history, natural geography, and economic development, the degree of exploration and development of mineral resources in the African continent is different. Generally speaking, the degree of geological exploration and mineral development in southern Africa and western Africa is relatively high, and the data is rich, while the degree of geological exploration and mineral development in other regions is relatively low. The degree of geological exploration in most African countries is at a medium to low level, which also reflects from the perspective of Africa that still has great prospects for mineral resource exploration.

After the plane landed in Cairo, Fan Wubing and others were immediately warmly welcomed by the Chinese Embassy in Egypt.

The reporters from CCTV and Phoenix TV who came together were very surprised. They did not expect that the ambassador would come to greet him in person. However, someone with a good knowledge of CCTV broke the news privately, saying that it was the son of Fan Heng's Standing Committee member Fan Heng and the boss of Fan Investment Group, Fan Wubing, also arrived in Cairo on the same plane. The ambassador came for Fan Wubing's face.

"It's good to be rich and powerful. You'll be the master everywhere you go--" Someone said with envy.

In recent years, African countries' economies have grown steadily, with an economic growth rate of 4%. With the growth of the total economic volume, Africa's weight on the world economic stage has increased, and its total economic volume accounts for 3.4%. Economic liberalization, diversification and unity of self-reliance have become the trend of economic development in African countries.

In order to improve the business environment, African countries have continuously issued and revised policies and regulations to encourage foreign investment. In recent years, many African countries have gradually adjusted their mineral resource policies by amending the mining laws, and adopted loose preferential policies in terms of land leasing, mining rights licensing, mineral product sales and taxation, encouraging and attracting foreign capital to explore and develop mineral resources in their own country.

The sustained economic growth has promoted the continued growth of foreign direct investment inflows into Africa. In the 1980s, the average annual foreign investment attracted by the African continent was US$2.2 billion, and in the 1990s, the average annual foreign investment attracted by the African continent has reached new highs this year, reaching US$18.7 billion. This is all attributed to the huge attraction of African natural resources to foreign investment, especially since this year, the rise in mineral product prices, the rise in investment profit margins and the improvement of the policy environment have promoted investment inflows.

African mining investment continues to heat up, mineral exploration is active, and more and more foreign mining capital is entering Africa.

China and Africa have a traditional and good foundation for cooperation. Over the past half century, China has provided a lot of assistance to African countries. China has carried out more than 900 infrastructure projects and social welfare projects in Africa, involving agriculture, animal husbandry and fishery, water conservancy and electricity, transportation and telecommunications, culture, education, sports and health, food processing and other fields.

The implementation of the project has been widely praised by African governments and peoples. China has now become Africa's second largest trading partner, with an average annual increase of 30% of the trade volume in China and Africa, which is about 20 billion US dollars. However, China's direct investment in Africa is relatively small, with less than 80 million US dollars, and the stock of direct investment in Africa is less than 500 million US dollars.

Of course, there are some reasons for the lack of direct investment in Africa in China. After all, investing in Africa also faces many challenges and risk factors. Although the background of peace and development has created a favorable investment environment for Africa, compared with other regions in the world, Africa's overall investment environment is poor, infrastructure is backward, economic structure is single, industry is not systematic, production supporting capacity is poor, and service system is imperfect; there are phenomena such as unlawful law enforcement, poor law enforcement, inefficient work, and corruption of officials.

Some African countries have unstable political situations, poor social security, limited economic strength, and often unable to implement African supporting funds, which are all risks that must be taken into account in investing in African minerals.

Many African countries are not only economically backward, but also have strict political rule beyond people's imagination. Due to the uneven distribution of wealth, political rule has been instability, and coups and turmoil have become commonplace.

Only when any leader has the army in his hands can he sit firmly on the throne, which also causes the army to have great power. The army is the law, and soldiers can use privileges to control society at will.

In some African countries, the most serious thing is to prohibit taking photos at will. As long as you see a camera, anyone will be alert immediately. Anyone can come to ban you from taking photos, or even confiscate your camera, or be fined. The most serious thing is to detain you.

Traveling in such an environment is obviously a very painful thing, and tourists dare not hang their cameras on their bodies to sway across the market.

Fortunately, the situation in Egypt is relatively good.

In fact, Egypt is not an agricultural country. Although more than one-third of the occupational population is engaged in agriculture, the arable land area only accounts for about 4.5% of the country's land, and the vast majority are irrigated land. The farming is intensive, and it can be ripened twice or three times a year, making it the country with the highest output per unit area in Africa.

Egypt has developed oil refining industry, with crude oil accounting for about half of the total export value. The Suez Canal is the most important international navigation canal and also the river of wealth making in Egypt.

In 1991, because Egypt opposed Iraq's embezzlement of Kuwait during the Gulf War, it was praised by the United States and other Western countries and Gulf Arab countries. More than 20 countries and international financial institutions have provided loans and emergency assistance to Egypt. The United States also exempted Egypt from debts owed, and Kuwait, Saudi Arabia, the UAE and Qatar also abolished Egypt's debts owed.

In May of the same year, the creditors of the Paris Club waived Egypt about $11 billion in debt.

After all this trouble, Egypt has been much better.

In Egyptian cities, the living conditions and lifestyles of the middle class are not much different from those of European and American residents. Take Cairo as an example. In many bookstores, cinemas, new opera houses, cultural groups and universities, they have many opportunities to share and experience all aspects of the international community.

For urban poor, although urban life is somewhat fun compared to the monotonous rural life that has not changed since the Pharaoh era, it is still quite boring. Television and movies and public celebrations add fun to people's lives. The stall vendors are busy selling handicrafts and candy, and weddings are also held here, including music, ascetic sings, puppet show, storytelling and singing.

"Some customs in Egypt are also very interesting. Egyptians call kissing Booth, and mouth-to-mouth kissing is limited to lovers and couples, and is prohibited in public. It is said that there was a young man and woman in love who couldn't help but hug and kiss when they were in a park. They happened to be seen by the police and were taken to the police station and released after the fine was delivered." After staying in the hotel, Fan Wubing's entourage was busy packing things, and he was chatting with Lu Qingtong. "For example, when one of the couple went out far away and saw farewell and greeted at the station or airport, the husband could only kiss his wife's cheek. There is also a kiss called blowing kiss, which is called blowing kissing, which is to open the right palm, blow the kiss to the person in the distance, which is almost the same as the blowing kiss we said."

Lu Qingtong nodded and said, "We have also been involved in school. For example, kissing respect is kissing the back of the hand. Children are kissing the back of their hands to parents, younger brothers, younger people are kissing the back of their hands to the elders, and those with low status are kissing the back of their hands to those with high status or powerful prestige."

"However, there are many taboos in Egypt." Lu Qingtong continued, "Egyptians are taboo to talk when they are formally eating, otherwise they will be considered a blasphemy against God. Men should not take the initiative to talk to women, do not praise people's slim figure, do not praise Egypt's homes, otherwise they will think that you are asking him, do not talk to Egypt about religious disputes, political situation in the Middle East, and relationships between men and women. Also, when eating, you should use your right hand to grab food, not use your left hand. Whether you give gifts to others or accept gifts, use your hands or your right hand, and never use your left hand."

"So many troubles?" Fan Wubing didn't know about this, and couldn't help but smile, "It seems that it's a wise decision to bring you out, but this time I came here, I didn't plan to contact the locals."
Chapter completed!