Tag: Chinese loans

For Kenya, repaying its loans sustainably is now a matter of concern since the country’s currency is devaluing fast in what the Central Bank said is “adjusting from policy mistakes”.

Chinese creditors account for just 4.1%, or $4.7 billion, of Nigeria's $114 billion total public debt, according to the latest figures released by the Debt Management Office in Abuja. While China's share is significantly larger than other bilateral creditors, France is ...

If you look at the specific demands of many African countries, they are now more focused on production-related activities rather than fancy highways that lead to nowhere.

By Rebecca Ray and Margaret Myers Chinese development lending to Latin America and the Caribbean (LAC) has begun to rebound, according to the latest update of the Chinese Loans to Latin America and the Caribbean Database, maintained by the Boston University ...

As Ghana sinks into debt distress, many are looking to Zambia’s debt restructuring process for clues on how China will feature. Zambia’s President Hakainde Hichilema provided a glimpse into his government’s thinking about Chinese debt at a Council on Foreign Relations event ...

New data reveals Sri Lankan borrowers owe China's main policy banks significantly more money than had been previously reported, an important revelation as the embattled South Asian country lobbies its creditors for debt relief. Chinese loans to Sri Lanka totaled $7.4 ...

This week I participated in a seminar hosted by the South African Institute for International Affairs comparing the on-the-ground experiences of Chinese-led infrastructure projects in Southeast Asia and Africa (watch the event here). Researchers from opposite ends of the globe revealed ...

A report in the state-run newspaper China Daily that touted China's "investments" in Africa's burgeoning sustainable energy sector was misleading and highlights a common problem surrounding the use of the word "investments" in the context of Chinese economic engagement on the continent.

Chinese loans are looming large as Kenya gears up for its presidential election. Aden Duale, an MP for the opposition leader William Ruto’s Kwanza Coalition, singled out loans as a cause of corruption at an election rally during the weekend.  Duale said: "We know ...

Nigeria’s presidential race is officially on, but many are wondering how China will shape the fortunes of the ruling All Progressives Congress, the party of the current front-runner Rotimi Amaechi, the country's former transport minister. President Muhammadu Buhari came to power on the ...

The current pull-back in infrastructure financing from Chinese policy banks is scrambling the funding options for African infrastructure. However, that doesn't necessarily mean that the reduction in lending is permanent or that Chinese policy banks have lost their interest in the continent. This tweet from Ethiopia's embassy ...

Ethiopia’s ambassador to China, Teshome Toga Chanaka pushed back against the idea that loans from China are plunging African countries into debt traps. He recently sat down for an interview with Wang Huiyao, the head of the Center for China and Globalization, a prominent foreign policy think ...