Business
China Doles Out $20bn Loan To African Countries
Chinese President Hu Jintao, has offered 20 billion dollars in loans to African countries over the next three years.
This move goes further in boosting a relationship that has been criticised by the West and given Beijing growing access to the resource-rich continent.
The loans offered were double the amount China pledged for the previous three-year period in 2009 and is the latest in a string of aid and credit provided to Africa’s many poverty-stricken nations.
The pledge is likely to boost China’s good relations with Africa, a supplier of oil and raw materials like copper and uranium to the world’s most populous country and second-largest economy.
But the loans could add to discomfort in the West, which criticises China for overlooking human rights abuses in its business dealings with Africa, especially in Beijing’s desire to feed its booming resource-hungry economy.
Hu brushed off such concerns in his speech at the Great Hall of the People, attended by leaders.
Such leaders include South African President Jacob Zuma and Equatorial Guinea’s Teodoro Obiang Nguema, a man widely condemned by rights groups as one of the world’s most corrupt leaders.
“China wholeheartedly and sincerely supports African countries to choose their own development path, and will wholeheartedly and sincerely support them to raise their development ability,” Hu said.
“China will continue to steadfastly stand together with the African people, and will forever be a good friend, a good partner and a good brother”, he added.
The summit had been held every three years since 2000.
Hu also pledged to “continue to expand aid to Africa, so that the benefits of development can be realised by the African people”.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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