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Analysts said the upcoming meeting is significant not only for the China-EU relationship, but will also help boost international confidence in post-pandemic recovery amid mounting tensions between China and the United States.

Analysts said asset quality improved at most banks after they readjusted their credit structure by issuing a larger amount of consumer loans and mortgage loans, which are less sensitive to economic cycles than loans issued to the manufacturing sector. Besides, banks also stepped up efforts to write off nonperforming loans.

And to show that Uganda is serious about attracting Chinese tourists, the government will send a team of technocrats and tourism sector players to China to try and market what Uganda has to offer. The team will be leaving Uganda on March 11.

Analysts said the push by Chinese companies to expand abroad is also due in part to increasingly fierce domestic competition.

And in Mozambique, nearly 900 people have been infected with the coronavirus.