China Announces $60B Aid and Loan Package for Africa

China has announced $60bn (£40bn) of assistance and loans for Africa to help with the development of the continent.

President Xi Jinping said the package would include zero-interest loans as well as scholarships and training for thousands of Africans.
The Chinese leader made the announcement at a major summit between China and Africa in Johannesburg.

The momentum of rapid growth in Africa was “unstoppable”, Mr Xi told more than 35 African heads of state.

via BBC

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza