Day: May 14, 2024
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Japan-Kenya Loan Deal Shifts Chinese Influence
Japan will reportedly provide about $107 million in bilateral loans to Kenya for port, water, and electricity infrastructure, to be implemented from next week. The deal signals a stronger role for Japan as an external partner to the continent amid G7 anxieties about China’s influence.
Maldives Gets IMF Debt Warning as More Chinese Loans Loom
The International Monetary Fund warned the Maldives against looming "debt distress" Monday, as the small but strategically placed luxury tourist destination looks set to borrow more from main creditor China. Since winning office last year, President Mohamed Muizzu has reoriented the ...
China, Cambodia to Hold Joint Military Exercises
Cambodia and China will hold joint annual military drills from Thursday, an official said, amid US concerns that Beijing could use a Cambodian naval base to expand its influence in the region. A Chinese warship docked in the coastal city of ...
Chinese Firms Win Most Bids to Explore Iraq Oil and Gas
Chinese energy companies won bids to explore 10 Iraqi oil and gas fields during new licensing rounds, ahead of any other foreign country, Iraq's oil ministry said Monday. Seven Chinese companies, including Sinopec, UEG, CNOOC Iraq, and Anton Oilfield, won 10 ...