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China and the Republic of Congo, also known as Congo-Brazzaville, have formulated “a timetable and road map” for how President Xi Jinping’s US$50 billion funding commitment will go into African infrastructure projects over the next three years.
Chinese Foreign Minister Wang Yi, made the announcement in Brazzaville on Tuesday, on the second stop on his tour of Africa.
Speaking to reporters after his meeting with President Denis Sassou Nguesso, Wang said the two countries will host a ministerial coordination meeting to implement the outcomes of the Forum on China–Africa Cooperation (FOCAC) summit in September.
These included a series of measures to boost trade, economic and diplomatic relations, as well as military cooperation and strengthening of party-to-party relations, in addition to Xi’s funding commitment for the continent.
Among the measures announced at the summit were zero tariffs on 100 per cent of goods from Africa’s least developed countries, as well as major land and sea connectivity projects.
Congo-Brazzaville was picked as FOCAC co-chair last year and the oil-rich nation will host the 2027 forum.