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 ...
Tag: infrastructure finance
Related Posts
Inside the Fine Print: Understanding Finance Contracts in Chinese-supported Power Projects
Every power plant begins long before a single shovel hits the ground. Before turbines are ordered, before concrete is poured, and well before the lights ever flicker on, a dense legal and financial architecture must first be assembled. For state-backed Chinese infrastructure projects in Africa, that ...
China’s Lending to the Global South Has Been Growing More Commercial
By Yunnan Chen Development finance has been embattled of late. Aid cutbacks have raised alarm over financing for climate and development goals. The most notable example is the egregious dismantling of the US Agency for ...
China’s Vital, Yet Poorly Understood Role in Africa’s Energy Sector
After a two-to-three-year hiatus following the pandemic, Chinese money is once again flowing into the African energy sector. Billions of dollars in new investment and construction contracts for power facilities were registered in the first half of the year, particularly in ...
Inside China’s Power Play: Understanding the Institutions Behind Africa’s Energy Projects
China’s role in African power generation is substantial. Chinese-backed projects account for approximately 23 GW of installed generation capacity across at least 27 countries in Sub-Saharan Africa – nearly 20 percent of the region’s total. This footprint reflects more than just a financial commitment; it signals ...
It’s Payback Time For a Lot of Those Chinese Loans
Borrowers in Africa and other developing regions are expected to repay $35 billion of Chinese loans this year, with two-thirds of the amount coming from the world's poorest countries. Many of these debts were taken out in the mid-2010s and are ...
Analysis from Cobus van Staden
Energy is Going to be the Hot Topic at Upcoming China-Africa Summit
African leaders will soon travel to Beijing to participate in the upcoming Forum on China-Africa Cooperation summit, which will begin on September 4th. Many of those heads of state will arrive in the Chinese capital with a rather long wish list ...