China-Africa: China to give Africa $10bn


Reading time 2 min.
China-Africa: China to give Africa $10bn

China has pledged to give Africa $10bn in concessional loans over the next three years, Chinese Premier Wen Jiabao has said at a summit in Egypt. The Chinese leader is attending a two-day forum on China-Africa cooperation in Sharm el-Sheikh, attended by officials from over 50 nations. “We will help Africa build up financing capacity,’ Mr.Wen was quoted as saying by BBC. Mr Wen also said China is planning to create environmental programmes for Africa, including 100 clean energy projects.

China  Read latest news and features from China : business, politics, culture, life & style, entertainment and sports
Support Follow Afrik-News on Google News