After several years of declining funding, the African end of the Belt and Road Initiative seems to be roaring back. The newest Griffith University/Green Development Finance Center data on the Belt and Road Initiative shows that engagement with Africa jumped by 395%, while a few big projects boosted engagement in Nigeria alone more than twelvefold.
These shifts indicate a window of opportunity for African electrification. 60% of Africans still ...
Day: June 15, 2021
Related Posts
Chinese News and Social Media Commentary Largely Dismiss G7’s Plans to Challenge BRI and Vaccine Distribution
After a flurry of announcements at the end of the three-day G7 summit in Cornwall, observers around the world spent Monday digesting the communiqué, various government fact sheets, and news coverage to try and piece together what it all means. China, ...
The U.S. Campaign to Challenge China’s Vaccine Distribution Drive in Developing Countries Gets Off to an Awkward Start
The U.S. effort to catch up with China's vaccine distribution drive in developing countries got off to a rocky start on Monday when the embassy in the Caribbean island state of Trinidad and Tobago announced on Twitter that it would donate a total of ...
Attracting Private Investment to Build Infrastructure in Africa May Sound Like a Great Idea, but It’s Really Difficult in Practice
With the launch of the G7's new "Build Back Better World" initiative (B3W) that aims to distinguish itself from China's Belt and Road Initiative (BRI) by channeling private sector capital to build infrastructure in developing countries, three senior leaders in the International Monetary Fund's ...
China’s Largest Commercial Bank Says It Plans to Phase Out Financing Coal Projects
The chief economist at China's largest bank, the International Commercial Bank of China, and one of the world's largest financiers of fossil fuel projects said the bank will begin to phase out support for coal power projects. Zhou Yueqiu told a ...
Nigeria’s Transport Minister Questioned About “Tricky” Chinese Loans, Debt Traps and Repayment
Nigerian Transportation Minister Rotimi Amaechi made the rounds of national TV news channels to promote Tuesday's official launch of the Chinese-built Lagos to Ibadan Standard Gauge Railway service. In an interview with Arise TV, Rotimi fielded a ...
Analysis from Cobus van Staden
China Paid For a Second Article in South African Media to Promote Vaccine Agenda
Quick update on a story that we brought you last week about China's use of paid content marketing to promote the use of its vaccines in South Africa. A second article has now been published in the "Partnered Content" section of ...
B3W and the Democracy Issue
One of the interesting divisions emerging from the Biden administration’s campaign to re-energize the G7 and NATO against China is its attempt to divide the world into ‘democracies’ and ‘autocracies,’ and to insist that the two groups are squaring off against each other as if they’re in ...