Xi Jinping announces $60 billion of 'funding support' for Africa

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