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China offers Africa $51bn in fresh financing, promises one million jobs
China's President Xi Jinping, centre, shows the way to leaders from African countries as they proceed to the opening ceremony of the China Africa Forum after a group photo session at the Great Hall of the People in Beijing, China on September 5, 2024.
Chinese President Xi Jinping on Thursday pledged $51 billion (about Sh6.59 trillion in current exchange rate) in fresh financing to Africa, support for 30 infrastructure projects across the resource-rich continent, and promised to create at least one million jobs.
In a speech at a major China-Africa cooperation summit, President Xi promised delegrates from more than 50 African nations that the $19 trillion Chinese economy will unilaterally improve access to its market for African trade.
