Chinese President Xi Jinping has pledged $50.6 billion in financial assistance to Africa over three years. Speaking during the China-Africa cooperation summit on Thursday, President Xi said that $210 billion would be distributed through credit lines and at least 70 billion in fresh investment by Chinese companies. The rest of the financing would be paid…...
Trending
- Coris Bank International Chad: a new economic chapter opens
- BOA Burkina Faso maintains its A+ rating at Bloomfield despite a tense security situation
- Bank of Africa Côte d’Ivoire: Bloomfield confirms long-term A+ rating and raises short-term outlook
- South Africa: Food prices increase by 0.2% in May
- Kenya: KenGen’s major geothermal project almost completed
- Cameroon: Nearly USD 3 billion in foreign exchange deficit over four years
- Ivory Coast and Guinea on the threshold of a new phase of their cooperation?
- Sugar: 13% decrease in turnover of Sucrivoire company in the first quarter of 2025
China promises Africa $51bn in new financing, promises one million jobs
Muthoga Mungania
Muthoga Mungania is an award-winning, Nairobi-based multimedia journalist covering economic, corporate, financial, tech and investor relations matters among other business stories. Muthoga is seasoned in data and market analysis, corporate finance, and economic trends, making them a trusted voice in East African business journalism, communications and consultancy.
Add A Comment
About us
Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
Contact us: redaction@financialafrik.com