Category: Loans

There was a time when Chinese lending to developing countries rivaled the World Bank. Those days are now long gone as Chinese overseas development lending has been on a steady downward trajectory.

Chinese lending to Pacific Island Countries (PICs) is now at its lowest level in 15 years, according to new data published by the Australian think tank Lowy Institute. The findings may come as a surprise, given China's heightened diplomatic and security ...

By Rebecca Ray After providing a staggering amount of finance for overseas development projects in the wake of the global financial crisis, Chinese overseas development finance has been on a general downward trend for several years. New data shows the pandemic ...

Djibouti this week reportedly suspended debt repayments to its two major creditors, China and Kuwait, due to a major increase in debt servicing costs likely caused by interest rate hikes and other external factors this year. A quick gander at this table, 

🇩🇯 DJIBOUTI: The government reportedly suspended debt repayments to two of its largest creditors, likely China and Kuwait, in response to a dramatic increase in the country's debt servicing costs in 2022, according to a new World Bank report. (SOUTH CHINA MORNING POST)

Anger is mounting across Kenyan society over the terms of the loan agreements with the China Exim Bank for the multi-billion dollar Standard Gauge Railway that were released by the government on Sunday. Members of Parliament are sounding off in the ...

Kenya's new Transport Minister Kipchumba Murkomen, rocked the political establishment in Nairobi over the weekend when he released the first details about the controversial multi-billion dollar loan from China to build the Standard Gauge Railway (SGR).

Newly-elected Kenyan President William Ruto's fulfillment of a campaign promise that reversed his predecessor's mandate that cargo from the Port of Mombasa has to be transported via the Standard Gauge Railway instead of trucks may have been smart politically, but it will likely cripple the ...

China will not promote loan-supported projects to the Global South but will be led by recipient country demand. This was one of the takeaways from a recent interview with China’s ambassador to Kenya, Zhou Pingjian. His comments included hints of China's emerging, more cautious ...

Kenya hopes to renegotiate the loan for its Chinese-built Standard Gauge Railway to be repayable over fifty years, the country’s incoming Transport Secretary, Kipchumba Murkomen, said during his confirmation hearing this week.  “We are choked by loans,” he said and argued a ...

The Kenyan government can’t account for about $83 million dollars earmarked for a Chinese-funded National Optic Fiber Backbone Infrastructure (NOFBI) project, according to a new report by the country’s Auditor-General. The A-G says some loan documents for the $175 million tender are missing, with ...

Nigeria's Transportation Minister Mu'azu Sambo made a remarkable statement during a press conference on Friday. He is apparently still waiting for the China Exim Bank to come through with funding to build a pair of very expensive, multi-billion dollar railways. ...