China’s Xi promises $50 billion for Africa over next three years

Chinese President Xi Jinping pledged over $50 billion in financing for Africa over the next three years at the China-Africa forum in Beijing. The package includes $11 billion in assistance and $10 billion for Chinese firms’ investments. Xi promised to create at least one million jobs for Africa and deepen cooperation in various sectors. African leaders secured multiple deals for infrastructure, agriculture, and energy projects. UN Secretary-General Guterres praised the growing China-Africa ties, highlighting China’s development expertise and potential for driving renewable energy initiatives in Africa.READ FULL