Beijing, China – South African President Cyril Ramaphosa threw his weight behind China’s growing economic ties with Africa, dismissing concerns about a “debt trap” and highlighting the potential for mutual benefit.
Ramaphosa’s comments came on the sidelines of the Forum on China-Africa Cooperation (FOCAC) summit in Beijing, which gathered leaders from over 50 African nations this week. China pledged a significant boost to Africa’s development with a fresh $51 billion in funding over the next three years.
“I don’t subscribe to the idea that China’s investments are designed to push African countries into a debt crisis,” Ramaphosa told reporters when questioned about the new funding commitment.
This commitment comes alongside China’s promise to triple infrastructure projects across Africa, a resource-rich continent that has become a focal point for intensifying competition among global powers. The United States and Europe are also vying for influence in the region.
Beyond the financial pledge, Ramaphosa revealed details of agreements reached with China on South Africa’s energy security. He expressed optimism about learning from China’s experience in reforming its own energy sector, a crucial step for South Africa which has grappled with power blackouts hindering economic growth.
“China has already achieved what we’re aiming for,” Ramaphosa stated. “There’s valuable knowledge to be gained from their approach.”
The South African leader also extended an invitation to China’s electric vehicle manufacturers, including industry giant BYD. “We had productive discussions with BYD, who expressed strong interest in investing in South Africa,” he said.
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