China's Xi offers another $60 billion to Africa, but says no to 'vanity' projects


  • World
  • Monday, 03 Sep 2018

Chinese President Xi Jinping speaks during the High-level Dialogue between Chinese and African Leaders and Business and Industry Representatives at the sixth China-Africa Entrepreneur Conference at the Beijing National Convention Center in Beijing, China September 3, 2018. Lintao Zhang/Pool via REUTERS

BEIJING (Reuters) - Chinese President Xi Jinping offered another $60 billion (£46.5 billion) in financing for Africa on Monday and wrote off some debt for poorer African nations, while warning against funds going towards "vanity projects".

Speaking at the opening of a major summit with African leaders, Xi promised development that people on the continent could see and touch, but that would also be green and sustainable.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Russia attacks Ukraine's rail lines to disrupt supply of U.S. arms, source says
Andrew Tate human trafficking trial can start, Romania court says
Ceasefire monitoring centre in Nagorno-Karabakh shuts as Russian peacekeepers withdraw
Supporters of Spain's Sanchez call rallies, leftists abroad urge him to stay
Let us press on with UK migrant plan, Rwanda tells critics
Ukraine's Zelenskiy calls for air defense systems as allies meet
Analysis-Trump election subversion case bogs down as allies' legal woes grow
Missile launched from Yemen's Houthi area, no injuries reported, CENTCOM says
Turkish court convicts Syrian woman over Istanbul bombing, media says
Analysis-Arrest of Russian defence minister's deputy may be strike by rival 'clan'

Others Also Read