China-Africa Cooperation Summit: Key Takeaways and Future Prospects

At the recent Forum on China-Africa Cooperation (FOCAC) in Beijing, China reaffirmed its commitment to Africa by pledging 360 billion yuan ($50.7 billion) in credit lines and investments over the next three years. This substantial package, while significant, marks a notable reduction from previous commitments, reflecting a shift in China’s approach to Africa amidst its own domestic economic challenges and the growing debt risks in…