Category: Loans

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 ...

The United States will lend $553 million for a new deep-water shipping container facility in Sri Lanka’s Port of Colombo. The project will be the largest undertaken by the U.S. foreign development agency, the Development Finance Corporation (DFC), as it challenges China’s ...

China’s Belt and Road Initiative is evolving rapidly to take on debt, reputational, and ESG challenges that affected its first decade. This is one of the findings of a landmark report from AidData, a research institute at the College of William and ...

Senior Kenyan officials are trying to set the record straight about President William Ruto's trip to China last week and whether he went there with a billion-dollar request for new loans. Before he left, Deputy President Rigathi Gachagua told a radio interviewer ...

The adjustment of Chinese lending to Africa and other parts of the Global South in line with changing economic conditions at home will open space for other countries, said IMF Managing Director Kristalina Georgieva. Speaking at a 

Chinese lending to African countries plunged to below a billion dollars in 2022, the lowest level in two decades, according to new data from the Global Development Policy Center at Boston University. The findings confirm that the era of Beijing financing ...