Friday, 4 December 2015

China's Xi pledges $60 bln for development in Africa.This news brought to you by Prince Media Uganda


Chinese President Xi Jinping (L) and South African President Jacob Zuma (R) shake hands before a press conference at the Union Buildings in Pretoria on December 2, 2015. PHOTO

China's President Xi Jinping told African presidents on Friday at a summit that his country would provide $60 billion to fund development on the continent, outlining the Asian economic giant wanted to build a relationship of equals.
Xi, who is co-chairing the Forum on China-Africa Cooperation where several African heads of state were attending, outlined a broad ten-point development plan driven by China.
"To ensure the successful implementation of these ten cooperation plans, China decides to provide a total of $60 billion dollars of funding support," Xi said.