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China dismisses Africa debt fears at start of FM tour

Chinese Foreign minister Wang Yi. FILE PHOTO | AFP

What you need to know:

  • Chinese foreign investment and construction between 2005 and 2018 totalled $298 billion in sub-Sahara Africa.

  • China is the single largest bilateral financier of infrastructure in Africa, exceeding the combined total of the African Development Bank (ADB), the European Union, International Finance Corporation, the World Bank and the Group of Eight countries.

ADDIS ABABA

Chinese Foreign Minister Wang Yi played down concern over Africa's debts with Beijing on Thursday as he arrived in Ethiopia at the start of a four-nation Africa tour.