China Pledges $51 Billion Boost and a Million Jobs for Africa

In a significant move to deepen ties with Africa, Chinese President Xi Jinping has announced a comprehensive package of support for the continent, totaling nearly $51 billion over the next three years. This ambitious initiative aims to alleviate debt burdens, spur economic growth, and create at least 1 million jobs across Africa. The funding will support a variety of infrastructure projects, further cementing China's role as a key partner in Africa's development. This announcement underscores China's strategic interest in Africa's resources and markets, as well as its commitment to fostering global modernization.