Tag: China Africa Development Fund

Editor's Note: although Africa, so far, has been spared from the health consequences of the COVID-19 outbreak in China, the economic impact is already being felt across the continent and is expected to have severe repercussions in most countries through reduced export earnings, higher borrowing costs, and ...

By Kai Xue Beijing, China -- The China-Africa relationship was re-launched with fresh impetus at the recently concluded FOCAC. China announced at the forum a commitment of US$60 billion in funds over the next 3 years to support economic relations. That’s a dramatic increase of 3-times from the headline ...