Funding support includes USD 5 billion of grants in zero interest loans.
Funding support includes USD 5 billion of grants in zero interest loans.
Johannesburg
: Chinese President Xi Jinping on Friday announced USD 60 billion of assistance and loans for Africa as he addressed a summit of African leaders in Johannesburg.
"China decides to provide a total of USD 60 billion of funding support that includes USD 5 billion of grants in zero interest loans (and) USD 35 billion in preferential facility and export credit loans and concessional loans," he said