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: January 11, 2024
Related Posts
China Acknowledges DRC Election Results
The Chinese Foreign Ministry on Wednesday formally expressed support for the results of the Democratic Republic of Congo’s recent election. This follows the Congolese Constitutional Court’s certification of the controversial poll. The court this week found that Felix Tshisekedi’s 73.5% landslide was ...
IMF “Optimistic” About Ghana Debt Deal Amid Predictions that Chinese Lending Could Bounce Back
The International Monetary Fund said it is hopeful that Ghana will reach a debt agreement with bilateral creditors soon, which would unlock another $600 million IMF payment to the country. The IMF’s Resident Representative for Ghana, Leandro Medina told Reuters: "We are ...
China Eyeing Nigeria for Military Aircraft Sale
China is reportedly marketing its Y-20 Kunfeng military plane to foreign buyers. In December, Nigerian Defence Minister Mohammed Badaru Abubakar was shown the Y-20BE model during a visit to Beijing, and it also attracted attention at the Dubai Air Show during the same month. ...
Philippines, Indonesia Strengthen Ties Against Backdrop of China’s Regional Assertiveness
The Philippines is bolstering ties with Indonesia and welcoming the country’s desires to help mediate tensions in the South China Sea, where Chinese and Philippine forces have clashed repeatedly throughout recent months. Indonesian President Joko Widodo and Philippine President Ferdinand Marcos Jr. ...
China, U.S. Meet Face-to-Face for First Time in Two Years to Discuss Taiwan and South China Sea
Chinese and U.S. military officials met in Washington this week for their first in-person talks in more than two years as the world’s two superpowers seek common ground after nearly a year of animosity. Taiwan and the South China Sea ...
Analysis from Cobus van Staden
China, Madives Upgrade Relationship
Mohamed Muizzu, the president of the Maldives, met with Chinese President Xi Jinping at the Great Hall of the People in Beijing on Wednesday. The meeting, Xi’s first with a foreign leader this year, saw the announcement of an upgrade of ties ...
China’s Maritime Research Has Military Role: Report
The government of Sri Lanka announced in early January that it is imposing a one-year ban on Chinese research vessels docking at its ports. Last year, Colombo got into a spat with India about allowing a Chinese ship to dock amid Indian fears about military surveillance.