Home HomeSwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Xi: 500 billion and one million jobs for Africa

Over half a billion kronor in the coming three years. This is promised by China's President Xi Jinping to leaders from over 50 African countries.

» Updated: 04 October 2024, 19:39

» Published: 05 September 2024

Xi: 500 billion and one million jobs for Africa
Photo: Adek Berry/AP/TT

China is ready to deepen cooperation with African countries in industry, agriculture, infrastructure, trade, and investments, says Xi during the ongoing summit within the cooperation organization Focac (Forum on China-Africa Cooperation).

Xi promises to create "at least one million jobs for Africa".

Leaders from over 50 African countries are present in Beijing, as well as UN Secretary-General António Guterres. The cooperation between China and the African continent can "drive the revolution in renewable energy", claims Guterres during the meeting.

China is Africa's largest trading partner and has made large investments in much-needed infrastructure. At the same time, Beijing has been accused of extensive exploitation of Africa's natural resources, such as copper, gold, lithium, and rare earth metals.

Several African countries are burdened by enormous debts to China due to billion-dollar loans.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

UN Soldiers Injured in Attack in Lebanon
1 MIN READ

UN Soldiers Injured in Attack in Lebanon

Trump's Peace Plan for Ukraine: No NATO for 20 Years
2 MIN READ

Trump's Peace Plan for Ukraine: No NATO for 20 Years

Biden addresses the nation after the election
1 MIN READ

Biden addresses the nation after the election

Canada in dispute with Tiktok - "national security"
1 MIN READ

Canada in dispute with Tiktok - "national security"

The EU Top on Trump: There is Something to Build On
2 MIN READ

The EU Top on Trump: There is Something to Build On

Harris Turned His Back: "Didn't Stop the Genocide"
2 MIN READ

Harris Turned His Back: "Didn't Stop the Genocide"

Israel buys new fighter jets from Boeing
1 MIN READ

Israel buys new fighter jets from Boeing

Israeli Attack on Hezbollah in Lebanon
1 MIN READ

Israeli Attack on Hezbollah in Lebanon

Demands No Confidence: "Scholz's Coalition is History"
2 MIN READ

Demands No Confidence: "Scholz's Coalition is History"

Iran: Trump's Victory Chance of Reconsideration
1 MIN READ

Iran: Trump's Victory Chance of Reconsideration

The demand to Georgia: Investigate election fraud
1 MIN READ

The demand to Georgia: Investigate election fraud

Democrats Fume: Biden's Arrogance Was Our Downfall
2 MIN READ

Democrats Fume: Biden's Arrogance Was Our Downfall

Two states are still counting their votes
1 MIN READ

Two states are still counting their votes

The Charges Against Trump – What Happens Now
3 MIN READ

The Charges Against Trump – What Happens Now

Struggle for Power in Congress
3 MIN READ

Struggle for Power in Congress

Xi wants a stable relationship with the USA in the "new era"
1 MIN READ

Xi wants a stable relationship with the USA in the "new era"

Russian drone attacks on Kyiv
1 MIN READ

Russian drone attacks on Kyiv

Australia: 16-year limit for Tiktok
2 MIN READ

Australia: 16-year limit for Tiktok

Melania Trump calls for unity
1 MIN READ

Melania Trump calls for unity

Zelensky: USA's leadership is crucial
1 MIN READ

Zelensky: USA's leadership is crucial