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China’s Xi Pledges $50 Billion for Africa Over the Next Three Years

President Xi Jinping of China has committed $50 billion in funding for Africa over the next three years, aimed at boosting development projects and strengthening bilateral ties.  Addressing Beijing’s largest summit since the pandemic on Thursday, Chinese leader Xi Jinping vowed to provide more than $50 billion in funding for Africa over the next three years. He expressed his commitment to enhance collaboration with the continent by investing in infrastructure and trade.
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