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Mon 11 Nov 2009Africa to get $10bn in loans from its 'true friend' China
CHINA HAS underlined its role as Africa’s “true and trusted friend” with $10 billion (€6.75 billion) worth of soft loans to African nations over the next three years and plans to cancel debt for some of the poorest countries on the continent.
At a two-day summit at the Sharm El-Sheikh resort in Egypt, Chinese prime minister Wen Jiabao sought to emphasise China’s environmentalist side, saying his country would build 100 new clean energy projects for Africa in the next three years.
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