On May 5, on behalf of COVEC, COVEC East Africa Company officially signed a memorandum of understanding on cooperation with Africa Finance Corporation in Dar es Salaam, Tanzania. According to the memorandum, the two parties will give full play to their respective advantages in the fields of infrastructure construction, energy and power development, project implementation promotion, financing support, financial services, information sharing, and high-end business interoperability, and carry out multi-form, multi-level, multi-field and cross-regional development in order to achieve win-win and multi-win development,and will further strengthen information exchange in 38 national markets in the three regions of East Africa, Central Africa, and West Africa. By relying on their respective high-quality resources, both parties will deepen  cooperation in market development, and jointly boost the project development in the field of infrastructure construction and other fields.