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Xi Jinping pledges $50 billion and military aid to Africa

CNN — September 5, 2024, 11:00 AM UTC

Summary: 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.

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  13. [5.2]
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  14. [4.0]
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  17. [5.1]
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  18. [4.9]
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  19. [4.5]
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  20. [4.1]
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  21. [2.4]
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  22. [2.3]
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