China Exim Bank funds $87b in African projects

BEIJING, July 09 (Xinhua): The Export-Import Bank of China has so far funded over 600 billion yuan (87 billion US dollars) in projects in 46 African countries.

The funding mainly supports major projects with prominent economic and social benefits in Africa, said the bank.

The bank will step up efforts in supporting projects of clean energy, new energy, and development and utilization of renewable energy in Africa, said Xie Ping, deputy governor of the China EximBank.

The China EximBank is a state-funded and state-owned policy bank dedicated to supporting China's foreign trade, investment and international economic cooperation.