China’s Xi pledges over $50B in financial aid to Africa to deepen ties
Chinese President Xi Jinping said on September 5 that China will provide 360 billion yuan (more than $50 billion) in financial support to Africa over the next three years, SİA informs referring to CNBC.
Xi spoke on the second day of the ninth Forum on China-Africa Cooperation Summit, which is expected to deliver new policies and cooperation agreements that will set the stage for China-Africa relations in the next three years.
“China is ready to deepen cooperation with Africa in industry, agriculture, infrastructure, trade and investment,” Xi said, urging both sides to jointly advance modernization that is “open and win-win.”
The high-profile summit came as China seeks to recalibrate its economic ties and trade agreements with Africa as well as strengthening relations with developing economies amid geopolitical tension with the West.
Leaders from over 50 African nations gathered in Beijing this week, many of whom — including South Africa’s President Cyril Ramaphosa and Kenya’s President William Ruto — have spoken with Xi in one-on-one meetings in the lead up to the summit, according to Chinese state media.
By the end of the summit, leaders from both sides are expected to reach deals on trade and investment, and sign key documents like Beijing’s three-year action plan. The summit has previously seen Beijing making huge financial pledges to fund massive infrastructure projects across Africa.
Bütün xəbərlər Facebook səhifəmizdə
Other news
Latest news
Azerbaijan weather forecast for October 13
Social 12 Oktyabr 15:43US expands sanctions to Iran's 'Ghost Fleet' of oil tankers
Politics 12 Oktyabr 15:16Ukraine, Russia mull territorial concessions-Media
Politics 12 Oktyabr 14:51Armenian PM does not rule out that Zangazur corridor could be handed over to Russian FSB
World 12 Oktyabr 14:29Zakir Hasanov held an official meeting
Politics 12 Oktyabr 13:47Ilham Aliyev congratulates King of Spain
World 12 Oktyabr 13:15Trump calls for death penalty for migrants who kill US citizens, police
Politics 12 Oktyabr 12:43Azerbaijani MFA congratulates Spain on its national holiday
World 12 Oktyabr 12:17Cote-d'Ivoire ecology minister: Crucial decisions to be made on COP29 in Baku
World 12 Oktyabr 11:49Pezeshkian, Putin agree to speed up implementation of oil and gas projects
Politics 12 Oktyabr 11:11Moody's changes Belgium rating outlook to negative
Economy 12 Oktyabr 10:46Boeing to cut 17,000 jobs
Economy 12 Oktyabr 10:13Some 1.2M Lebanese residents become refugees due to Israeli attacks
World 12 Oktyabr 09:37Azerbaijani Foreign Ministry rejects biased resolutions adopted by Dutch parliament
World 12 Oktyabr 09:15Azerbaijan and Singapore mull shared goals ahead of COP29
Social 11 Oktyabr 17:50Yalchin Rafiyev: 60 decisions expected to be made at COP29
Social 11 Oktyabr 17:18Azerbaijan weather forecast for October 12
Social 11 Oktyabr 16:43Brazilian President Lula da Silva to attend COP29 in Baku
World 11 Oktyabr 16:15S. Korea stages 1st live-fire drills of Taurus missile in 7 years
Event 11 Oktyabr 15:55John Salong: Accelerating adaptation action critical for vulnerable countries
World 11 Oktyabr 15:17Russian Foreign Ministry: OSCE in crisis
Social 11 Oktyabr 14:50Italian PM Giorgia Meloni to attend COP29 in Baku
Politics 11 Oktyabr 14:21Una May Gordon expects positive results from COP29 financing talks
Health 11 Oktyabr 13:44Bakcell CEO speaks at INMerge Innovation Summit
Technology 11 Oktyabr 13:23COP29 president-designate: NCQG remains top priority for talks
Politics 11 Oktyabr 13:17127 countries join Azerbaijan's truce initiative during COP29
World 11 Oktyabr 12:4818 students poisoned from "doner" in Azerbaijan's Kazakh
Event 11 Oktyabr 12:14World Bank’s executive board approves fund to support Ukraine — news agency
Economy 11 Oktyabr 11:49US blocks UN Security Council’s attempts to achieve ceasefire in Gaza
World 11 Oktyabr 11:11Visits to Russia Hungary’s sovereign right, foreign minister tells German reporter
Politics 11 Oktyabr 10:47Jordan, Qatar, UAE, Saudi Arabia refuse to be involved in Israeli attack on Iran — WSJ
Politics 11 Oktyabr 10:15Putin arrives in Turkmenistan with working visit
Politics 11 Oktyabr 09:34Today marks 4 years since 4th terrorist act committed by Armenia in Ganja
World 11 Oktyabr 09:00Azerbaijan detains 6 foreigners for border violations
Event 10 Oktyabr 17:44UN calls for joint action to reach lasting climate deal
World 10 Oktyabr 17:132024 hottest year on record
Health 10 Oktyabr 16:52Mikayil Jabbarov: Azerbaijan working on 7-gigawatt investment projects
Economy 10 Oktyabr 16:14Azerbaijan weather forecast for October 11
Social 10 Oktyabr 15:47National Defense University launches Chinese Language course
Education 10 Oktyabr 15:12Baku hosted PRE-COP29 event
Politics 10 Oktyabr 14:50COP28 President-Designate: Let's reach consensus at COP29 as well
World 10 Oktyabr 14:21COP29 Lead Negotiator: We will engage in discussions aimed at implementing Paris Agreement
Social 10 Oktyabr 13:45COP29 is pivotal platform - UN Deputy Secretary General
Politics 10 Oktyabr 12:47Ilham Aliyev: Azerbaijan takes bold steps to overcome climate change challenges
Politics 10 Oktyabr 12:15EU ambassadors agree on mechanism for 35 billion euro loan to Kyiv
World 10 Oktyabr 11:44Azercell wins two gold awards
Social 10 Oktyabr 11:34Putin did not talk to Trump after Trump’s presidential term expired
World 10 Oktyabr 11:11Trump rejects Fox News invite to debate Harris in late October
Politics 10 Oktyabr 10:48Israel says attack on Iran will be precise and lethal
World 10 Oktyabr 10:17Ilham Aliyev addressed participants of UN Framework Convention on Climate Change
Social 10 Oktyabr 09:36Media accreditation portal for COP29 Green Zone launched
World 10 Oktyabr 09:12Baku hosts high-level ministerial dialogue on NCQG
Social 9 Oktyabr 17:49EU Commissioner Hoekstra to attend PreCOP meeting in Baku
World 9 Oktyabr 17:16Nobel Prize in Chemistry awarded to David Baker, Demis Hassabis and John M. Jumper
Education 9 Oktyabr 16:44COP29 Presidency announces ministerial pairs on adaptation, mitigation and Article 6
Social 9 Oktyabr 16:18Azercell enhances “Tourist” tariffplans ahead of COP29
Social 9 Oktyabr 16:09EIA releases Azerbaijan oil production forecast for 2025
Economy 9 Oktyabr 15:46Azerbaijan introduces Halal certification
Social 9 Oktyabr 15:19Azerbaijan weather forecast for October 10
Social 9 Oktyabr 14:52Pre-COP29 conference to start in Baku tomorrow
Politics 9 Oktyabr 14:21Azerbaijan to train technicians for maintenance and repair of drones
Technology 9 Oktyabr 13:44UK Climate Minister arrives in Azerbaijan
Social 9 Oktyabr 13:16Pakistan will participate in COP29 in a befitting manner, Senate Chairman says
World 9 Oktyabr 12:47Bakcell organized a training for journalists ahead of the INMerge Innovation Summit
Technology 9 Oktyabr 12:22Senior Advisor to US President arrives in Azerbaijan
Social 9 Oktyabr 12:18Taylor Swift becomes world's richest female musician
Show 9 Oktyabr 11:38Azerbaijan, NATO mull issues of military cooperation
Politics 9 Oktyabr 11:07US attorneys general sue TikTok, accusing it of harming children's mental health
Technology 9 Oktyabr 10:45akart expands its activities
Social 9 Oktyabr 10:19Ilham Aliyev: We categorically oppose all sanctions
World 9 Oktyabr 10:12President shares post in honor of 4th anniversary of Hadrut’s liberation
Politics 9 Oktyabr 09:31Four years pass since liberation of Hadrut town
Politics 9 Oktyabr 09:05Azerbaijan proposes to establish transplant center for Turkic countries
Health 8 Oktyabr 17:48Catering portal launched for COP29 participants
Social 8 Oktyabr 17:10Five tourist and recreational zones to be created in Kalbajar district
Tourism 8 Oktyabr 16:43Western Azerbaijan Community holds side event within OSCE Warsaw Conference
Politics 8 Oktyabr 16:14Putin: Relations between Russia and Azerbaijan are developing positively
World 8 Oktyabr 15:49Putin's aide: No meeting of leaders of Russia, Azerbaijan and Armenia planned
Politics 8 Oktyabr 14:53Putin or Mishustin may come to Baku for COP29 climate conference
World 8 Oktyabr 14:21Nar awards finalists of the Kudos intellectual game
Technology 8 Oktyabr 13:49Azerbaijani parliament ratifies readmission agreement with Moldova
Politics 8 Oktyabr 13:47Heydar Aliyev International Airport sees 33% growth in passenger turnover
Tourism 8 Oktyabr 13:16Washington's one-sided and biased stance regarding Azerbaijan completely unacceptable
Politics 8 Oktyabr 12:45Sahiba Gafarova: "Azerbaijan is a reliable partner"
World 8 Oktyabr 12:15Georgian PM stresses importance of deepening relations with Azerbaijan
World 8 Oktyabr 11:48CIA director says risk of Iran-Israel escalation high
World 8 Oktyabr 11:11Israeli official confirms that HAMAS leader Sinwar still alive — portal
Event 8 Oktyabr 10:51Trump criticizes $300-bln aid to Ukraine amid hurricane in US
World 8 Oktyabr 10:16Another group of residents seen off for Azerbaijan’s Shusha
Social 8 Oktyabr 09:34Four years pass since Armenia's third missile attack on Azerbaijan's Ganja
Politics 8 Oktyabr 09:00Azerbaijan takes on additional organizational costs for COP29
World 7 Oktyabr 18:30Azercell presents iPhone 16
Social 7 Oktyabr 17:57Prayer rooms to be arranged at COP29 conference venue
Social 7 Oktyabr 17:46Some COP29 attendees may not need to pay accommodation deposit
World 7 Oktyabr 17:15Baku Climate Action Week concludes with bold commitments and strategic initiatives
Social 7 Oktyabr 16:53Kazakhstan will actively participate during COP29 event
World 7 Oktyabr 16:17Azerbaijan weather forecast for October 8
Social 7 Oktyabr 15:54Turkish army neutralizes six PKK members in northern Iraq
Event 7 Oktyabr 15:19Private news
Digər xəbərlərCentral Asian Countries' War on Gas
Politics 14 May 18:03Seventh International Mugham Festival 'Kharibulbul' held in Shusha
Culture 13 May 18:07Large-scale protests supporting Palestine emerge in US from late April to early May
Politics 3 May 18:07Armenia's Border Provocations Have Broader Goals, Says Political Analyst
Politics 16 Aprel 18:40Redactor's choice
Popular
Exchange rates
- USD 1,7000 0,00%
- EUR 1,8590 0,00%
- GBP 2,2184 0,00%
- RUB 0,0176 0,00%
2008-2024. Səs İnformasiya Agentliyi, Bütün hüquqlar qorunur. Məlumatlardan istifadə etdikdə istinad mütləqdir.
İfadə olunan fikirlərə sayt məsuliyyət daşımır.
Ünvan: Ü. Hacıbəyov küçəsi, 66; Bakı, Azərbaycan.
Email: [email protected] Tel.: (+994 12) 598-33-90; Faks: (+994 12) 493-11-62;