Xi announces $60 billion of ‘Funding Support’ for Africa

Xi announces $60 billion of 'Funding Support' for Africa
Xi announces $60 billion of 'Funding Support' for Africa

Johannesburg: Chinese President Xi Jinping announced Friday that the country will pledge a new round of funding support to Africa’s development, worth $60 billion. Jinping declared it held in a seminar for African leaders.

“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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