Nov. 29 (Reuters) – Chinese President Xi Jinping on Monday announced that a cross-border Sino-African yuan center would be set up to provide African financial institutions with a $ 10 billion line of credit.
China will also offer an additional 1 billion doses of COVID-19 vaccines to African countries, Xi said in a speech at the Forum on China-Africa Cooperation, adding that China will encourage its companies to invest as much as 10 billion. dollars in Africa over the next three years.
Report by the Beijing press room; written by Tom Daly; Editing by Toby Chopra
Disclaimer: The opinions expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure the accuracy of the information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is for informational purposes only. It is not a solicitation to effect an exchange of commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article accept no responsibility for any loss and / or damage resulting from the use of this publication.