Worsening Security Conditions in Mozambique Threaten Huge US EXIM Bank Pipeline Deal Meant to Stymie China

File image of Mozambican soldiers on patrol in Mocimboa da Praia. ADRIEN BARBIER / AFP

The U.S. Export-Import Bank disregarded warnings about the worsening security situation in Mozambique and went ahead with a risky $4.7 billion loan for a gas pipeline last year that is now in serious trouble.

The bank became the largest creditor on the $15 billion pipeline project as part of an effort to displace Chinese and Russian investors who also sought a stake in the deal.

  • Get a daily email packed with the latest China-Africa news and analysis.
  • Read exclusive insights on the key trends shaping China-Africa relations.
  • Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

OR

Already a subscriber? Log in Click Here to Learn More
by Eric Olander

Most Read

1
Developing Countries’ Debt Servicing Costs to China Are Significant, but Nowhere Near as Much as Other Creditors
2 Chinese Military Fans Discuss Why Indonesia Bought Rafale Instead of J-10C
3
China, U.S. Ink Rare Earth Deal; More Trade Pacts Coming
4
Rubio to Welcome Asian ‘Quad’ Back to Washington
5
Chinese-Moroccan Joint Venture Inaugurates EV Battery Parts Plant
6
Six Million Donkeys Slaughtered for Chinese Medicine: Charity

You Might Like

Competing With China Cited as a Key Reason for New U.S. Army Deployment to Africa

The Pentagon made it very clear on Wednesday that countering Chinese influence in Africa was a key factor behind the decision to deploy the Army’s 1st Security Force Assistance Brigade (SFAB) from Fort Benning, ...

In Praising New U.S. Military Deployment Senator Says China and Terrorism Are Growing Security Threats in Africa 

Conservative Oklahoma Senator Jim Inhofe (R) was among the first to praise the Pentagon’s decision to deploy the SFAB to Africa, something he said he’s been calling for several years now. And, just ...

Pompeo Goes to Africa And, So Far, Stays Quiet About China

U.S. Secretary of State Mike Pompeo is in Angola today after wrapping up the first stop of his three-nation African tour in Senegal over the weekend. Secretary Pompeo met with Senegal’s Economy Minister Amadou ...

China’s Space Program Becomes New Soft Power Message in Africa

China’s Ambassador to Botswana Zhao Yanbo was among a number of Chinese envoys and embassies who celebrated this week’s launch of the Long March-3B rocket, which carried the new Beidou Navigation Satellite System ...

What is The China-Global South Project?

Independent

The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.

News

A carefully curated selection of the day’s most important China-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.

Analysis

Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.

Networking

A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.

More about CGSP