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Fruits of partnership lie ahead for Africa


By Adhere Cavince |
China Daily Global |
Updated: 2021-02-04 09:19
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Aerial photo shows the Mazeras Bridge of the Mombasa-Nairobi standard gauge railway in Kenya, May 12, 2017. [Photo/Xinhua]
In early January, China unveiled a new white paper on international development cooperation in which Beijing has articulated a vision to engender more inclusive, quality and sustainable development in the world. China s foreign aid will now be administered by the China International Development Cooperation Agency, which was established in 2018.
It is clear from the document that Africa ranks high on China s international development cooperation agenda. Between 2013 and 2018, the continent received 44.65 percent of China s total foreign aid budget. Africa also received about 45 percent of human resource development assistance from Beijing during the same period. ....

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China waives Congo debt to ease stress on economy


The ministry did not say how much was forgiven.
The deal was announced during a visit to Kinshasa by Chinese foreign minister Wang Yi.
Beijing has extended loans amounting to $2.4bn to Kinshasa, mainly to build infrastructure, since 2000, according to the China Africa Research Initiative.
China has extended debt relief worth over $2bn to developing under a G20 framework known as the Debt Service Suspension Initiative (DSSI).
Some of the beneficiary countries include Angola, Ethiopia, Zambia and Djibouti.
Wang, who is on his 5-nation tour of Africa also met with President Felix Tshisekedi.
Chinese broadcaster CGTN reported that the Democratic Republic of Congo had signed up to the Belt and Road Initiative (BRI), becoming the 45th African country to do so. ....

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