S. Africa’s Ramaphosa Hails China’s $50 Billion Pledge as ‘Great Boon’ for Continent

South African President Cyril Ramaphosa speaks during a high-level meeting on industrialization and agricultural modernization, on the sideline of the Forum on China-Africa Cooperation (FOCAC) at the National Convention Center in Beijing on September 5, 2024. Andy Wong / POOL / AFP

South African President Cyril Ramaphosa called Chinese leader Xi Jinping’s pledge on Thursday of $50 billion in financing to Africa over the next three years a “great boon” for the continent.

“I am very positively disposed to the amount of money Xi announced today. I think it will be a great boon to the African continent,” he told a news conference in Beijing during a state visit that included attending the China-Africa forum.

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by Agence France-Presse

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