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: April 25, 2022
Related Posts
China to Join Zambian Creditor Committee Says IMF Head Georgieva
After months of inaction, there's word now of an important breakthrough in restructuring Zambia's ballooning $32 billion debt. China, widely perceived as the lone holdout, has finally agreed to join a multi-party creditors committee, according to IMF Managing Director Kristalina Georgieva during the group's Spring Meetings that took place last ...
China’s Decision to Join Zambian Creditor Committee is Well Received Albeit With Some Skepticism
There was a wide range of reactions to China's decision to become a member of a new Zambian creditors committee that will convene with the aim of restructuring the African country's $17 billion external debt. The initial response from some African ...
Xi Hints at Plans for New China-led Global Security Order
Chinese President Xi Jinping called for a new global security initiative while rejecting the economic decoupling championed by the United States. Xi spoke Thursday at the Boao Forum for Asia, traditionally an occasion for the announcement of broad, new policy directions. The speech gave a glimpse ...
For the First Time in a Really Long Time, a Chinese Vaccine Shipment Arrived in Africa
China's newly-arrived ambassador to Zambia, Du Xiaohui, led a handover ceremony this weekend for a shipment of 600,000 COVID-19 vaccines. This is the first large-scale delivery of COVID jabs to Africa from China in a very long following a massive plunge in distributions late last year. ...
China Lockdowns Will Hit South Africa’s Economy, and Other Long Reads to Kick Off Your Week
COVID-19 lockdowns and the war in Ukraine will decrease China's appetite for South African exports, while slowing down crucial exports of Chinese products to South Africa, according to South African analysts. (BUSINESS LIVE) B3W: The U.S.-led Build ...
Rotimi Amaechi Opponents Double Down on China Smears
Opponents of Nigerian Transport Minister Rotimi Amaechi’s presidential run are using paid media content to paint him as too close to China. This is the newest attempt to link Amaechi with China, after the Chinese embassy in Abuja hit back at similar rumors last week. ...
Nairobi Expressway Tolls Increase Before It’s Even Opened
Kenya’s new Chinese-built Nairobi Expressway is hiking its toll prices, even though it hasn’t opened yet. The government announced that motorists using the motorway will pay 350 Kenyan shillings ($3.03) more than previously announced, bringing the total toll to between 120 and 1,800 shillings ($1.04-$12.54), depending on the ...
Nairobi Expressway Will Be the Setting for This Year’s Nairobi City Marathon
Amid excitement and controversy, Kenya is celebrating the opening of its new Nairobi Expressway in the most Kenyan way possible: by running a marathon. It was recently announced that the new Chinese-built highway will be the scenic setting for this year’s Nairobi City ...