China offers Africa US$60b 'funding support'
Move signals its commitment despite a recent slide in investment
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Johannesburg
CHINESE President Xi Jinping announced US$60 billion of assistance and loans for Africa at a summit in Johannesburg on Friday, signalling China's commitment to the continent despite a recent fall in investment.
China's economic growth has taken a dip this year, triggering a global commodities slump and causing Beijing to slash investment in Africa by more than 40 per cent in the first six months of 2015.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
