Xi Jinping pledges $50 billion and military aid to Africa

Chinese President Xi Jinping announced a $50 billion financial support package for Africa, alongside $140 million in military aid, during a speech at the Forum on China-Africa Cooperation in Beijing. This pledge, aimed at enhancing strategic relations, comes amid a backdrop of rising global competition for influence in Africa. Xi emphasized cooperation in infrastructure, trade, and security, while addressing concerns over Africa's debt challenges.