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Radio France Internationale
Radio France Internationale
World

Europe counters China's Belt and Road strategy with plans for €150 billion investment in Africa

China's President Xi Jinping says trade with Belt and Road countries has exceeded $5 trillion AFP/File

EU chief Ursula von der Leyen on Thursday unveiled plans to invest €150 billion in Africa, explaining that her goal is to make Europe the continent's biggest and "most reliable" partner.

The scheme is the first regional plan from the European Union's Global Gateway - an investment blueprint that seeks to mobilise up to €300 billion for public and private infrastructure around the world by 2027.

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