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China builds Africa’s first spaceport

China plans to invest about $1 billion in Djibouti to build Africa’s first spaceport. Investors are the private company Hong Kong Aerospace Technology Group and Shanghai-based Touchroad International Holdings Group. Touchroad is owned by He Liehui, an entrepreneur who specifically focuses on Africa. He is Vice President of the politically important Chinese African People’s Friendship Association and already established a special economic zone in Djibouti in 2016.

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