China's Xi announces $60bn of 'funding support' for Africa

GMT 11:24 2015 Friday ,04 December

Arab Today, arab today China's Xi announces $60bn of 'funding support' for Africa

Chinese President Xi Jinping
Johannesburg - Arab Today

Chinese President Xi Jinping on Friday announced $60 billion of assistance and loans for Africa as he addressed a summit of African leaders in Johannesburg.

"China decides to provide a total of $60 billion of funding support that includes $5 billion of grants in zero interest loans (and) $35 billion in preferential facility and export credit loans and concessional loans," he said.

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