China opens multilateral approach to Africa with $2bn fund
Kigali (AFP) May 22, 2014 - China and the African Development Bank (AfDB) agreed Thursday a co-financing fund worth $2 billion over 10 years, a multilateral deal signalling a shift in Beijing's policy of dealing direct with countries. The deal, Beijing's latest economic push on the continent, sets up the fund between the People's Bank of China and the AfDB to finance "sovereign and non-sovereign guaranteed development ... more
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