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: July 2, 2024
Related Posts
China Builds New Presidential Palace in Pacific’s Vanuatu
The government of cash-strapped Vanuatu will soon settle into a suite of new buildings funded by China, a move likely to reignite concerns about Beijing's reach in the South Pacific nation. At an official handover ceremony conducted in front of a ...
Sri Lanka to Save $5 Billion From Bilateral Debt Deal
Sri Lanka will save $5 billion following the restructuring of its bilateral debt, much of which is owed to China, through slashed interest rates and longer repayment schedules, the president said Tuesday. The island nation defaulted on its foreign borrowings in ...
China’s Xi Arrives in Kazakhstan for State Visit, Summit
By James Edgar Chinese President Xi Jinping arrived in Kazakhstan on Tuesday for a state visit. During his visit, he will attend a meeting of Shanghai alliance nations in the Kazakh capital, Astana. The nine-member ...
China Prepares to Lead Expanded Shanghai Cooperation Organization
Chinese President Xi Jinping is heading to Central Asia to attend the leaders’ summit of the Shanghai Cooperation Organization, taking place on 3 and 4 July 2024, in Kazakhstan’s capital Astana. The trip will also include state visits to Kazakhstan and Tajikistan. ...
Chinese Firm Transsion Eyes Indonesia As Top Market, Owes Gaming Community For Success
Transsion Holdings, the world’s fourth largest smartphone maker, is now eyeing Indonesia as its number one focus market in Southeast Asia. Engaging gaming communities, improving after-sales services, and innovative marketing are among Transsion’s top strategies to beat competitors in the archipelago, according to managers in Carlcare, ...
Analysis from Cobus van Staden
China Suspected of Ramping up Spying Capacity in Cuba: Report
China appears to have ramped up its capacity for espionage in Cuba, potentially giving Beijing a window to sensitive military data from Florida, a US think tank said. The Center for Strategic and International Studies analyzed satellite imagery from four sites ...
U.S. Slaps Sanctions on Suspected Drug Cartel Money Launderers in China, Mexico
The U.S. Treasury Department on Monday imposed sanctions against three people in Mexico and China it accused of laundering money for the Sinaloa drug cartel. The sanctions targeted a Mexico-based man named Diego Acosta Ovalle, whom the Treasury accused of "hiding ...