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RADP / Pulse Ghana  >  news  >  business

China pledges $60 billion for African development

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President Xi Jinping said the package would include zero-interest loans as well as scholarships and training for people of Africa.

Xi Jinping, President of the People's Republic of China during the China-Africa corporation summit
Xi Jinping, President of the People's Republic of China during the China-Africa corporation summit

According to media reports, China has announced that it will donate $60 billion worth of assistance and loans to help with the development of Africa.

BBC reports that President Xi Jinping said the package would include zero-interest loans as well as scholarships and training for people of Africa.

READ: China names Bank of China as yuan clearing bank

The Chinese president made the announcement at a major summit between China and Africa which held in Johannesburg.

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