Chinese President Xi Jinping has committed to providing more than $50 billion in financing for Africa in the next three years and helping create one million jobs across the continent.
Xi conveyed to African leaders in Beijing that over the next three years, the Chinese government is prepared to offer financial aid totalling 360 billion yuan ($50.7 billion). Additionally, he pledged to contribute to creating at least one million jobs in Africa.
State media reported that approximately 50 African leaders and UN Secretary-General Antonio Guterres would attend this weeks China Africa forum. This week, African leaders have secured numerous pledges for enhanced collaboration in infrastructure, agriculture, mining, trade, and energy.
During the forums opening ceremony at the Great Hall of the People in Beijing, Xi emphasised that Chinas relationship with the continent is currently at its best period in history.
He stated, China is prepared to expand cooperation with African countries in industry, agriculture, infrastructure, trade, and investment.
