China has pledged to provide $50.6 billion in funding to support its 10-point initiative for Africa over the next three years. This includes $21 billion in loans, $8 billion in aid, and $7 billion in Chinese company investments. During the 9th Forum on China-Africa Cooperation (FOCAC), Chinese President Xi Jinping announced these commitments, along with … Continue reading China Pledges $50 Billion Investment in Africa