BEIJING — Chinese Premier Li Keqiang unveiled extra aid for Africa totaling at least $12 billion on Monday, and offered to share advance technology with the continent to help with development of high-speed rail, state news agency Xinhua reported.
Li pledged the additional funding in a speech at the Organisation of African Union headquarters in the Ethiopian capital, Addis Ababa.
China will increase credit lines to Africa by $10 billion and will boost the China-Africa Development Fund by between $2 billion and $5 billion, Xinhua said. It provided no details of the timeframe.
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Research Associate at Center for Islam and Global Affairs (CIGA) at Istanbul Sabahattin Zaim University