WERE: Three takeaways from Beijing, Africa summit


Ideas & Debate

Last week, African leaders attended the Forum on China Africa Cooperation (FOCAC), an event that has become the symbol of strengthening ties between China and Africa. PHOTO | AFP 

Last week, African leaders attended the Forum on China Africa Cooperation (FOCAC), an event that has become the symbol of strengthening ties between China and Africa.

In his speech, Xi Jinping said China would extend $60 billion financing to Africa, a combination of grants, interest-free loans and concessional loans, credit lines, development financing and a fund for financing imports from Africa.

There are three key takeaways I think are important for African governments and Africa’s fiscal engagement with China.

First, Xi Jinping indicated an…

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