Home » Africa & World Politics, Headlines » China to exempt some African countries from repaying zero-interest loans

China to exempt some African countries from repaying zero-interest loans

China will exempt some African countries from repaying zero-interest-rate loans due at the end of 2020, state television reported on Wednesday, quoting President Xi Jinping’s speech at a summit.

Under the framework of the China-Africa cooperation forum, China will further extend loan payment forbearance for some countries including African countries, Xi told the China-Africa summit on Wednesday.

China is willing to give priority to African countries once COVID-19 vaccines are ready to use, Xi added.

The summit was jointly organised by China; South Africa, the rotating chair of the African Union (AU); and Senegal, co-chair of the Forum on China-Africa Cooperation.

The conference was held via video link.

Leaders of African countries, including members of the AU Assembly of Heads of State and Government and rotating chairs of major African subregional organisations; and the chairperson of the AU Commission attended the summit.

Reuters/NAN

Short URL: http://newnigerianpolitics.com/?p=56070

Posted by on Jun 19 2020. Filed under Africa & World Politics, Headlines. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply

Wike the newly converted Buharist of Rivers

Headlines

Categories

Ireland’s ex-president, Mary Robinson, to lead probe into AfDB Chief

Browse Whatsapp Files

Featuring Top 2/5 of Whatsapp Files

Browse National Politics

Featuring Top 5/971 of National Politics

Southern leaders slam N50bn suit against Buhari, allege marginalisation of region

Browse NNP Columnists

Featuring Top 10/1399 of NNP Columnists

Obaseki makes crucial announcement as Court suspends Oshiomhole

Advertisements

--

FEATURED VIDEOS

ARCHIVES

June 2020
S M T W T F S
« May   Jul »
 123456
78910111213
14151617181920
21222324252627
282930  

© 2020 New Nigerian Politics. All Rights Reserved. Log in - Designed by Gabfire Themes