Tag: China Harbor Engineering Co. (CHEC)
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What the New Port of Lekki in Nigeria Tells Us About the Future of Chinese Infrastructure Finance in Africa
China is no longer in the game of providing African countries with enormous loans to finance large-scale infrastructure projects. In fact, BRI financing last year for projects in Africa plunged more than 50% to just $7.5 billion.
Related Posts
Uganda Cancels Chinese Rail Deal After 8-Year Financing Lag
The government of Uganda announced that it canceled a 2015 contract with China Harbor Engineering Co. (CHEC) to build a rail line linking the capital of Kampala and the Kenyan border. This follows an eight-year lag as the contractor failed to get Chinese policy bank funding for the ...
TOPSHOT - A giant screen outside a shopping mall shows news coverage of Venezuelan President Nicolas Maduro meeting Chinese President Xi Jinping in Beijing on September 13, 2023. (Photo by Pedro PARDO / AFP)
In recent months, amid U.S. military interventions in Venezuela and Iran, questions about how China responds to threats facing its “allies” – if they can be described as such – have resurfaced with increasing frequency in policy circles worldwide, including across the Global South. This ...
What the New Port of Lekki in Nigeria Tells Us About the Future of Chinese Infrastructure Finance in Africa
China is no longer in the game of providing African countries with enormous loans to finance large-scale infrastructure projects. In fact, BRI financing last year for projects in Africa plunged more than 50% to just $7.5 billion.
Uganda Cancels Chinese Rail Deal After 8-Year Financing Lag
The government of Uganda announced that it canceled a 2015 contract with China Harbor Engineering Co. (CHEC) to build a rail line linking the capital of Kampala and the Kenyan border. This follows an eight-year lag as the contractor failed to get Chinese policy bank funding for the ...