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
- The 5 first African billionaires saw their fortune soar by 88% in five years: should the richest be taxed more?
- Aziz Boughourbal : “Ocean governance and the blue economy remain undervalued in the Africa–Europe partnership”
- Senegal: Budget revenues reach 3,254 billion CFA francs at the end of September 2025, despite a tense macroeconomic context
- Germany/ECOWAS: Berlin strengthens its partnership with ECOWAS
- Hydrocarbons: 45% increase in profit for Vivo Energy Côte d’Ivoire in the third quarter of 2025
- Togo-Benin: Military rapprochement with Moscow disrupts Paris
- Nigeria Parboiled Rice Scandal: Ecobank wins its legal dispute against Wilben Trade Limited
- France’s New Diplomatic Offensive in Africa: Macron’s “Gateway”
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