China Pledges $50 Billion to Africa, Aiming to Secure Critical Minerals and Boost Green Energy

• China commits $50 billion to African investments over three years, targeting critical minerals and green energy projects
• Beijing extends tariff-free market access to 33 African nations, strengthens trade and military ties

China has pledged $50 billion in financing to Africa over the next three years as it seeks to secure supplies of critical minerals and deepen its economic ties with the continent. The announcement was made at the Forum for China-Africa Cooperation (FOCAC) in Beijing, attended by over 50 African delegations, including leaders such as South Africa’s Cyril Ramaphosa, Nigeria’s Bola Tinubu, Kenya’s William Ruto, DR Congo’s Etienne Tshisekedi, and Tanzania’s Samia Hassan.