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Xi pledges $51 billion to Africa, creating 1 million jobs

khaleejtimes.com — September 5, 2024, 12:00 PM UTC

Summary: President Xi Jinping announced a $51 billion funding initiative for Africa over three years, aiming to create 1 million jobs and enhance infrastructure. This commitment, made at the Forum on China-Africa Cooperation Summit, includes 360 billion yuan in financial assistance, with 210 billion in credit lines. Xi emphasized cooperation in various sectors and the need for a coordinated development network, while addressing debt relief concerns.

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Timeline:

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  13. [5.2]
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  14. [4.0]
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  17. [4.9]
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  18. [5.4]
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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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