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…...
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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.
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