Monday, January 11, 2016

China Pledges $60 Billion Investment in Africa

President Xi Jinping

China’s President Xi Jinping has pledged $60 billion to African states. Most of the announced $60 billion will come in loans and export credits. While $5 billion is to arrive as grants and interest-free loans.

Jinping made the announcement recently at the China Africa Cooperation (FOCAC) held in Johannesburg. 

Click here for summary.

Source: Africanews.

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