Category: Loans

Kenya will use a new loan from China to advance work on 16 different road projects, said a senior Treasury official. Kenya signed a new $279 million loan agreement with China Development Bank on the sidelines of the Forum on China-Africa Cooperation in September.  ...

By Matthew Walsh China's years of splashing cash on big-ticket infrastructure projects in Africa may be over, analysts say, with Beijing seeking to shield itself from risky, indebted partners on the continent as it grapples with a slowing economy at home. ...

Chinese creditors resumed lending to African countries in 2023, ending seven years of consecutive declines, according to new data from Boston University's Global Development Policy Center. Chinese lenders issued 13 loans to borrowers in eight African countries and two regional financial ...

By Lucas Engel As the 2024 Summit of the Forum on China-Africa Cooperation (FOCAC) approaches, it is warranted to look back at the trajectory of China-African economic engagement and assess its current state. For China, FOCAC, ...

By Laurissa Mühlich, Thomas Goda, and Marina Zucker-Marques Since the 2008 global financial crisis, central bank swaps have emerged as an increasingly important pillar of the Global Financial Safety Net (GFSN), the network of institutions and arrangements that aim at ...

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.

Sri Lanka said Friday it had leased a white elephant international airport built with Chinese loans to a foreign joint venture as the island nation's bankrupt government seeks to offload loss-making assets. The small airport near a wildlife sanctuary on the ...

Akinwumi Adesina, president of the African Development Bank, urged leaders on the continent to end the practice of exchanging raw materials for development, a practice known as resources-for-loans that was pioneered on a truly massive scale by China.

Sierra Leone's President, Julius Maada Bio, kicked off a five-day state visit to China with a flurry of meetings with Chinese leaders, including President Xi Jinping. After laying a customary wreath at the Monument to the People's Heroes in Tiananmen Square, 

The Ghanaian government is at the halfway point to build out 2,016 telephony sites that will deliver new voice and data services to millions of rural residents. Communications Minister Ursula Owusu-Ekuful said 618 of the new towers are fully operational, with the remaining ...

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 is not the largest creditor to African governments but it is certainly one of the most important, particularly because Chinese loans are far more opaque than those from other lenders. Now, in the midst of a burgeoning debt crisis in ...