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Aid & Development

BEIJING, Dec. 24 (Xinhua) -- Over the past 10 years, a Chinese development fund has invested billions of dollars in Africa. Chi Jianxin, chairman of the China-Africa Development Fund, told Xinhua in an interview that the fund has 4.5 billion...
The African Development Bank (AfDB), through the African Development Fund (ADF), has received a credit facility of $700.9 million from the Japan International Cooperation Agency (JICA) to assist in contributing to economic growth as well as poverty alleviation in...
The 4th Global Business Forum on Africa, organised by the Dubai Chamber of Commerce and Industry, has called for increase in investment flows between the UAE and Africa in several key sectors, including trade, financial services, logistics, and tourism. A...
With rising minimum wages in countries such as China, Thailand and Vietnam, there has been hope that parts of Asia’s low-skilled manufacturing industry would shift to African countries, and in the process create much-needed jobs. However, before the continent’s...
Chinese President Xi Jinping offered another $60 billion in financing for Africa on Monday and wrote off some debt for poorer African nations, while warning against funds going toward “vanity projects”. Speaking at the opening of a major summit with...

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