Henan Guoji, a semi-private Chinese company, is to invest up to $200m in a large-scale tourist resort in Freetown, Sierra Leone.

If it goes ahead, the joint venture will finance the construction of 200 hotels, conference centres, sports facilities, and a promenade along Lumley beach - one of the most beautiful beaches in West Africa, which was very popular before the civil war.

China and Sierra Leone have had good relations since Sierra Leone pushed for China's admission into the United Nations in 1971.

But Henan Guoji's will be the largest direct foreign investment in a country still ranked as the poorest in the world.

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	Programme Three