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FACTBOX-China's promises to Africa

Sun Nov 8, 2009 6:35am EST

Nov 8 (Reuters) - Chinese Premier Wen Jiabao offered Africa $10 billion in concessional loans over the next three years, saying on Sunday that China was a "true and trusted friend" of the continent and its people. [ID:nL8244859]

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The aid offer is double that unveiled by President Hu Jintao at the last summit in Beijing in 2006, as China aims to boost a relationship which politically goes back decades and is now economically booming, to the discomfort of some in the West.

Details of China's offer are as follows:

* China will give $10 billion in concessional loans to Africa to build up financing capacity, and will support Chinese financial institutions in setting up a $1 billion fund for loans to small- and medium-sized African companies. China will also cancel more African debt.

* China will phase in zero-tariff treatment for 95 percent of products from the least developed African countries with whom it has diplomatic ties. It will start with 60 percent of products at zero-tariff from next year.

* China and Africa establish a partnership to respond to climate change, and will build 100 clean energy projects in Africa including solar power, biogas and small-scale hydro-power.

* China, to boost African food security, will send 50 agriculture technology teams to Africa and train 2,000 agricultural technology personnel for Africa.

* China will provide 500 million yuan in medical equipment and anti-malarial materials to 30 hospitals and 30 malaria treatment centres in Africa, and will train 3,000 doctors and nurses.

* China will build 50 schools and train 1,500 teachers for Africa. By 2012, China will increase the number of scholarships available to African students to 5,500.

* China and Africa will enhance science and technology cooperation, and China will host 100 African postdoctoral fellows to conduct scientific research in China.

* China will expand cultural exchanges with Africa. (Writing by Ben Blanchard and Cynthia Johnston)



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