Country: Nigeria
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China Launches Coordinated Media Campaign to Promote New Global Governance Initiative in Africa
The Chinese government launched what appears to be a coordinated media campaign across Africa to promote Beijing's new Global Governance Initiative (GGI), which President Xi Jinping announced at the recent Shanghai Cooperation Organization summit. Over the past week, a mix of ...
Chinese researchers and firms are accelerating the race towards the next generation of battery technologies, and this will undoubtedly reshape the fortunes of countries heavily reliant on cobalt and nickel exports. Today, most electric vehicles utilize lithium-ion batteries that are made from a combination of ...
China’s Gradual but Growing Security Influence in Africa
China is steadily expanding its security presence in Africa through deeper military ties, weapons sales, and multinational deployments as UN Peacekeepers. In fact, China is now the largest arms supplier to Sub-Saharan Africa, according to data from the Stockholm International Peace ...
How Chinese Fintech Is Overcoming Africa’s Limited Banks and Patchy Internet to Build Mobile Wallets for 1 Billion Users
At a bustling Lagos market, a fish vendor no longer worries about counterfeit bills—his PalmPay QR code brings instant payments confirmed by a Yoruba voice alert. In Johannesburg, a Chinese garment trader receives rand through Vodapay that lands in renminbi within minutes, bypassing costly bank delays. These ...
Chinese Exports to Africa Soar
The flow of Chinese goods to African countries has increased markedly as trade barriers rise elsewhere. Exports are reportedly up 25% year-on-year to $122 billion, more than the whole of 2020, and total exports to the continent are expected to pass the $200 billion mark this ...
How China is Transforming Africa’s Power Sector
African imports of Chinese solar panels over the last year jumped by 60% to over 15 MW, a new record. The clean energy research body Ember published a report yesterday detailing Chinese solar exports to the continent. It uses Chinese customs data to show a marked year-on-year increase ...
Nigeria Deports Wanted Chinese Gang Leader
Nigeria's police service said Sunday it had extradited a Chinese gang leader wanted in his home country for organized violent crime, in an operation conducted with Interpol. A police statement said "high-profile fugitive", Dai Qisheng was sent to China on August ...
Nigeria Deports 60 Chinese, 39 Filipino Scammers
Nigeria has deported 102 foreigners including 60 Chinese nationals and 39 Filipinos convicted of "cyber-terrorism and internet fraud", its anti-corruption agency said Thursday. The Economic and Financial Crimes Commission (EFCC) had said in an earlier statement that 50 Chinese were among ...
Inside the Fine Print: Understanding Finance Contracts in Chinese-supported Power Projects
Every power plant begins long before a single shovel hits the ground. Before turbines are ordered, before concrete is poured, and well before the lights ever flicker on, a dense legal and financial architecture must first be assembled. For state-backed Chinese infrastructure projects in Africa, that ...
Japan Hosts African Leaders for Development Conference
Japan hosted African leaders on Wednesday for a three-day development conference, offering itself as an alternative to China as the continent reels from a debt crisis exacerbated by Western aid cuts, conflict and climate change. Attendees at the Tokyo International Conference ...
Bundles, Banks, and Builders: Inside China’s Finance Models for Power Projects in Africa
Building large-scale infrastructure requires more than engineering expertise. Just as critical is how the project is financed, how capital is raised, structured, and repaid. In Chinese-supported power projects across Sub-Saharan Africa, finance is often the entry point: the mechanism through which projects are proposed, evaluated, and ...
“1001 Days of Pouring Concrete in Africa”: A Chinese Engineer’s Memoir Sparks Debate Online
A recently published memoir titled 《在非洲打灰的1001天:一个现代化的故事》 (“1001 Days of Pouring Concrete in Africa: A Modernization Story”) has ignited widespread discussion on Chinese social media. The author, Cao Fengze, holds a PhD in civil engineering from Tsinghua University and previously served ...
China’s Belt and Road Shatters Expectations With Record Activity
For much of the past two years, we've been told to expect a slimmer, more austere Belt and Road under the new "Small Yet Beautiful" mantra. The days of Chinese mega deals across the Global South were over... or so we ...
Plugging into African Agency
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 ...