Chinese Prime Minister Li Keqiang has reiterated the commitment of the country to invest in Africa during a visit and announced that China will increase credit lines to the region by $10 billion.

Li did not specify which countries would receive the extended financial support but he expressed hope that the fund will be used for infrastructure development, among others.

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On Monday, Li said that China has re-affirmed its position into investing in the continent to boost the China-Africa relations. The meeting was held at the AU headquarters, which was built under the financial assistance of China as a gift to Africa.

The policy of China directed on Africa will be driven towards industrial cooperation, poverty reduction, and finance, conservation of the environment.

The prime minister also said that he wanted the trade relations between China and Africa to expand.

Li also added that the two countries should work hard to reach $400 billion in yearly trading, adding that direct investments from China should reach $100 billion by 2020 in Africa. Furthermore, Li said that China would play an active role in Africa’s industrialization.

In the past year, the trade relations of China with Africa has reached $210 billion. It has also been estimated that China was able to assist Africa with more than $75 billion aid and development plans.

Meanwhile, Li said that his intentions of visiting Africa is focused on boosting trade cooperation with no attached political affairs. Li also added that he was not trying to impose China’s side to Africa or hinder its internal affairs.

The Chinese prime minister would visit Ethiopia and the African Union on Tuesday to meet with President Mulatu Teshome of Ethiopia. After which, Li would proceed to visiting Angola, Nigeria and Kenya.

TagsAfrica, Prime Minister Li Keqiang, state secretary John Kerry, President Mulatu Teshome