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 projects boosted engagement in Nigeria alone more than twelvefold.
These shifts indicate a window of opportunity for African electrification. 60% of Africans still ...
Country: South Korea
Related Posts
Asian Stocks Mixed as Traders Shrug at U.S.-Vietnam Trade Deal
Stocks struggled in Asia on Thursday as investors gave a lukewarm reception to the U.S.-Vietnam trade deal, while the dollar eased ahead of key U.S. jobs data that could impact Federal Reserve interest rates plans. Attention was also on Washington as ...
Philippines Buys More Korean FA-50 Jets Amid South China Sea Tensions
The Philippine government has signed a $700 million FA-50 jets contract with Korea Aerospace Industries (KAI) for the purchase of 12 new FA-50 Block 20 light combat aircraft, expanding its current fleet as it seeks to bolster its air defense posture in the South China Sea ...
APEC Trade Ministers Meet in South Korea Amid U.S.-China Trade Tensions
By Julien Girault and Hieun Shin Trade ministers from the top economies that make up the Asia-Pacific Economic Cooperation, or APEC, began a two-day meeting in South Korea's Jeju island on Thursday, as trade cooperation falters globally.
Asian Finance Ministers Outline a Joint Response to Trump Administration’s Trade Pressure
As U.S. President Donald Trump dominated headlines with the announcement of further tariffs (this time on movies), Asian finance ministers quietly launched the continent’s newest set of strategies to lessen its exposure to the United States. This follows the meeting of finance ministers and central bank governors of ...
China’s Huayou Takes Over $9.8B Indonesia EV Battery Project After LG Exit
China’s Zhejiang Huayou Cobalt is replacing South Korea’s LG Energy Solution in Indonesia’s $9.8 billion electric vehicle (EV) battery supply chain project, Indonesian Energy and Mineral Resources Minister Bahlil Lahadalia confirmed Wednesday, ensuring the project “continues as planned” after the reshuffle in investors. ...
Analysis from Cobus van Staden
Philippines Adds Speedy Warship to Maritime Arsenal
The Philippines took possession of the first of two corvette-class warships with "advanced weapons and radar systems" on Tuesday as it faces growing pressure from Beijing in the disputed South China Sea. The arrival of the 3,200-ton BRP Miguel Malvar is ...
Philippines Deploys New Warship to Bolster Strength Amid South China Sea Tensions
The Philippines has taken delivery of a new guided missile corvette from South Korea — a move that Manila says is a key step toward building a more self-reliant defense. Amid China’s growing maritime assertiveness, the
China, South Korea and Japan Agree to Strengthen Free Trade
By Hieun Shin China, South Korea, and Japan agreed Sunday to strengthen free trade in the face of a raft of new tariffs imposed by U.S. President Donald Trump. The agreement came at a meeting ...
Seoul Announces Rare Top Trade Meeting With Tokyo, Beijing
Top trade officials from South Korea, Japan, and China will meet this weekend in Seoul to discuss economic cooperation, a South Korean government source said Friday. The rare meeting—the first in five years—was announced days after U.S. President Donald Trump announced ...
Photo Ops and Power Plays: Inside Northeast Asia’s Diplomatic Reset
It seems that we’re watching a diplomatic dance play out in Northeast Asia. This past weekend, the foreign ministers of China, Japan, and South Korea met in Tokyo to discuss closer trilateral engagement during what the Japanese Foreign Minister described as an “increasingly severe international situation” and ...
Trump is Helping China, Japan, and South Korea to Look Beyond Historical Rivalries — But They’re Still Working Out the Details
Japan, South Korea, and China agreed Saturday that peace on the Korean Peninsula was a shared responsibility, according to Seoul’s foreign minister. The three countries' top diplomats met in Tokyo and pledged to increase cooperation, deepen trade ties, and restated their goal of a denuclearized Korean Peninsula. ...
Japan, China, and South Korea Agree to Promote Peace, Cooperation
By Natsuko Fukue and Katie Forster Japan, South Korea and China agreed Saturday that peace on the Korean peninsula was a shared responsibility, Seoul's foreign minister said, in a meeting of the three countries' top diplomats in which they pledged to ...