Xi pledges $50bn aid package to strengthen China-Africa ties

President Xi Jinping has pledged $50 billion in financial aid and military support to Africa over the next three years, aiming to enhance China's influence on the continent. His plan includes $30 billion in credit, tariff exemptions for 33 African countries, and investments in renewable energy. The aid, part of China's broader push to strengthen ties with the Global South, also includes military training and diplomatic exchanges with African political leaders.

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By Bloomberg News

President Xi Jinping vowed to provide Africa with $50 billion in financial support over the next three years and strengthen military cooperation in a sweeping effort to deepen China's relations with a continent seen as key to his geopolitical ambitions.

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