Tag: African governments

Beninese Finance Minister Romuald Wadagni is in Beijing this week, where he met with China Exim Bank President Ren Shengjun. Neither side released details of the meeting, but it does highlight how China Exim Bank is continuing to engage African governments ...

Ajay Banga, U.S. President Joe Biden’s nominee to head the World Bank, is on a ‘listening tour’ of Africa to drum up support for his nomination. Banga kicked off his visit to the continent in Ivory Coast and Kenya. As a veteran ...

For centuries, many assumed that Africa's greatest contribution to the global economy was through selling stuff that comes out of the ground. That was certainly what drew the Chinese to Africa back in the early 2000s. Today that's no longer the case.

African governments owe nearly three times as much money to Western private creditors than they do to Chinese lenders, according to a new report by the UK-based NGO Debt Justice. The group's findings are based on World Bank data and reveal a ...