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China’s Africa Lending Enters a New Phase as Mega-Loans Give Way to Targeted Finance and Investment

Chinese development finance in Africa is moving away from its traditional model of large sovereign loans for mega-infrastructure projects. Boston University's latest data shows Beijing increasingly channeling support through alternative mechanisms, including foreign direct investment, equipment trade, and financing arrangements with ...
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A drone view shows a ship and electric and hybrid vehicles manufactured by Chinese automaker BYD at the port of Zarate, Argentina, on January 20, 2026. (Photo by Matias Baglietto/NurPhoto) (Photo by Matías Baglietto / NurPhoto / NurPhoto via AFP)
To international visitors, Bonn—tucked along the Rhine River valley in western Germany—can feel like a time capsule. “Many things never change,” my local hosts told me, gesturing proudly toward the Bonn Minster, the Romanesque church that has anchored the city center since the Middle Ages. After more than two dozen visits ...

China’s Africa Lending Enters a New Phase as Mega-Loans Give Way to Targeted Finance and Investment

Chinese development finance in Africa is moving away from its traditional model of large sovereign loans for mega-infrastructure projects. Boston University's latest data shows Beijing increasingly channeling support through alternative mechanisms, including foreign direct investment, equipment trade, and financing arrangements with ...
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