China will lend billions to support Africa’s infrastructure

China will double its investments in energy- and mineral-rich African nations and lend $20 billion to African countries, writes Breakbulk in its latest newsletter.

Photo: Mark Ralston

China recently announced it would lend $20 billion to African governments for infrastructure and agriculture projects over the next three years, thereby doubling its investment in energy- and mineral-rich African nations compared to its 2009 aid programs, writes Breakbulk in its latest newsletter.  

According to international reports, China's president Hu Jintao made this announcement at the Fifth Ministerial Conference of the Forum on China-Africa Cooperation held in Beijing last week.

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