[ad_1]
Chinese President Xi Jinping signed Monday 15 agreements, including loans and donations worth several million dollars with Rwanda, as part of a tour aimed at cementing relations with African allies. As part of his first overseas trip since his reelection in March, Mr Xi went to Senegal last week to conclude a series of trade agreements.
He will travel to Johannesburg on Tuesday for a summit of the emerging economies of the BRICS – Brazil, China, India, Russia and South Africa.
Since taking office, Xi has been overseeing efforts to expand Chinese influence in Africa. China has already provided vast sums of money to the continent with Beijing's financial largesse raising fears that poor nations would not be prepared for such massive debts. "19659002" We are bound by the common interest. Rwandan President Paul Kagame added that the agreements showed "what is possible between our two countries".
Rwanda, which is one of the fastest growing economies in Africa. , made $ 157 million in trade with China in 2017, making Beijing one of Kigali's major trading partners.
Indian Prime Minister Narendra Modi is also expected to arrive in Kigali on Monday on his own African continent n tour which will also take him to Uganda before heading to the BRICS summit.
* Sign up for news from News24 in Africa
inbox: SUBSCRIBE
TO THE BULLETIN OF HELLO AFRICA
FOLLOW News24 Africa on Twitter and Facebook.
[ad_2]
Source link
