Thursday, November 4, 2010
China would encourage commercial banks to lend more to Africa, a trade official said on Saturday.Beijing pledged $10 billion (R69bn) in "preferential" loans to Africa last year, but Ministry of Commerce official Zhong Manying said that was not enough. "In view of Africa's demand for funds, the $10bn is too limited," Zhong told a news briefing. A recent World Bank study showed that Africa needed
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