China a valuable, trusted & committed partner, says Ramaphosa

President Xi Jinping on Monday announced his government would invest over $60 billion over the next three years into the continent and cancel debt from heavily indebted developing countries.

President Cyril Ramaphosa with Chinese President Xi Jinping at the 2018 Forum on China-Africa Cooperation (FOCAC) Summit in Beijing, the People's Republic of China. Picture: Dirco

JOHANNESBURG - President Cyril Ramaphosa has welcomed the multi-billion dollar investment China has committed to Africa, saying it will go a long way in advancing the continent.

President Xi Jinping on Monday announced that his government would invest over $60 billion over the next three years into the continent and cancel debt from heavily indebted developing countries.

Ramaphosa says it’s not true that the Chinese government’s multi-billion rand investments in Africa is an attempt to colonise countries on the continent.

“We look to China as a valuable, trusted and committed partner in advancing agenda 2063.”

He says China’s investment is welcomed.

“We appreciate the decision to provide new funding to African countries to the value of $60 billion.”

He says that the investments will go a long way in benefiting African people well into the future.

(Edited by Shimoney Regter)