Category: RESOURCE-FOR-INFRASTRUCTURE

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.

Ghana’s Vice President Mahamudu Bawumia this week commissioned the first road infrastructure built under a controversial $2 billion resource-for-infrastructure deal with the Chinese conglomerate Sinohydro.  Bawumia was eager to claim the inauguration of 441 km of roads in the Cape Coast region as ...