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China pledges $60 billion towards developing Africa

Written by  Aston Gondwe

The 3rd Forum on the China – Africa Summit has opened in China’s capital Beijing with renewed commitment by China to pump in an additional $60 billion dollars towards enhanced trade and bilateral ties between Africa and the Asian nation for the next three years and beyond.

President of China Xi Jinping welcoming President Mutharika (R) to the event President of China Xi Jinping welcoming President Mutharika (R) to the event
03
September

Before delivering his address, host and President of China Xi Jinping welcomed President Professor Arthur Peter Mutharika to the event. He then proceeded to officially open this year’s forum for China-Africa summit.

 

Addressing the over 50 heads of state at the Great Hall of the People in the capital Beijing, Jinping committed that his government will pump in the sum of 60 billion US dollars towards spurring Africa’s development agenda, in line with the 2063 African Union’s development agenda. The pledge will cover a number of areas including infrastructure connectivity, green initiative, industrial promotion, human resource development and agriculture.

 

According to Jinping, China and Africa have embarked on a distinctive path of win-win cooperation, pointing out that "China takes it as its mission to make new and even greater contribution to mankind".

 

The pledge comes at the back of the successful implementation of the Johannesburg Plan of Action in 2015, a time when China equally committed the sum of 60 billion US dollars for economic and infrastructure development in Africa.

 

In his remarks Co-chairperson for the summit who is also President of South Africa Cyril Ramaphosa described those alleging that the platform is an attempt to colonise Africa as distractors of a well - meant FOCAC agenda.

 

His remarks were echoed by Chairperson for the African Union who is also President of Rwanda Paul Kagame, adding that the vision outlined by the platform adds up well with the AU’s 2063 agenda.

 

Also present during the ceremony was UN’s Secretary General Antonio Guteres.

 

“This forum on China – Africa cooperation is an embodiment of two major priorities of the United Nations. To pursue fair globalization, and to promote development that leaves no one behind, in the context of the rules based system of international relations, supported by strong multilateral institutions,” he said.

 

The summit this year is being held under the theme “China and Africa: Toward an even stronger community with a shared future through win-win cooperation.” The event is held after every three years.

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