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Browsing: Chinese interests in Africa
- Chinese leader Xi Jinping has pledged over $50 billion in financing for Africa over the next three years.
- This sets the stage for Beijing-led cooperation in the financing of infrastructure, trade, agriculture, mining, and energy projects.
- Beijing has also offered to create at least one million jobs in Africa.
In recent years, economies across Africa and the world’s second biggest economy, China, have been enjoying strong ties, powered by Beijing’s massive financing of key projects. A the ongoing China-Africa forum, several financing, investment, and trade deals are, however, poised to further cement this relationship, raising the continent’s relevance in the global contest for its rich resources and a fast growing market.
On Thursday, Chinese leader Xi Jinping’s pledged over $50 billion in financing for Africa over the next three years, setting the stage for deeper Beijing-led cooperation in critical industries such as infrastructure, trade, agriculture, mining, and energy.
The 2024 …