Tag: Infrastructure
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Attracting Private Investment to Build Infrastructure in Africa May Sound Like a Great Idea, but It’s Really Difficult in Practice
With the launch of the G7's new "Build Back Better World" initiative (B3W) that aims to distinguish itself from China's Belt and Road Initiative (BRI) by channeling private sector capital to build infrastructure in developing countries, three senior leaders in the International Monetary Fund's ...
B3W vs. BRI
Leaders from the Group of Seven (G7) richest democracies unveiled a highly-anticipated plan over the weekend for how they intend to counter China's Belt and Road Initiative and stem Beijing's growing influence in Africa and other developing regions. The ...
Nigeria’s New Chinese-Built Standard Gauge Railway Between Lagos and Ibadan to Begin Service Tomorrow
Nigeria's long-suffering commuters will be able to take the train between Lagos and Ibadan as of tomorrow, when the newly-built Chinese constructed standard gauge railway officially opens. The new railway, the first of its kind in West Africa,
Nigeria Gives Up on Chinese Lenders to Finance Two Railway Projects, Talks With Standard Chartered Now Underway
The slowdown in Chinese infrastructure development lending in Africa is on vivid display in Nigeria, where the country's Transportation Minister acknowledged that he's no longer counting on Beijing to finance a pair of multi-billion railway projects, according to a Bloomberg report. ...
The Blue Dot Network is Back!
China's rivals in Japan, Australia, and the U.S. have been talking about building some kind of alternative Belt and Road Initiative to compete with Beijing in building infrastructure throughout the developing world. Although they've been long on rhetoric, the three powers, all members of the
U.S. Concerns About Chinese Infrastructure and Debt Financing in Africa Date Back More Than Half a Century
Judd Devermont, director of the Africa program at the Center for Strategic and International Studies in Washington, noted in his daily Africa history Tweet that U.S. anxiety about Chinese infrastructure development in Africa is not a new phenomenon. In fact, as he remarked on Monday, ...
AU Official: Chinese Construction of New Africa CDC HQ Moving “Very Smoothly With Full Force”
Chinese construction of the African Union's new Center for Disease Control headquarters in Addis Ababa is proceeding "very smoothly," according to Fantahun Hailemichael, coordinator of the Africa CDC headquarters project at the AU, in a report published by China's state-run news agency Xinhua.
Chinese Officials and Environmentalists Exchange Fire Over That Controversial Fish Port in Sierra Leone
China's ambassador to Sierra Leone, Hu Zhangliang, paid a visit on Monday to the Foreign Ministry to rally support with the government for a controversial development project to build a fish port in the environmentally pristine Black Johnson beach area. After the meeting, Deputy Foreign Affairs Minister Mamadi Gobeh ...
China’s Role in the African Infrastructure Financing Crisis
African infrastructure financing is facing a crisis. Financing levels have plunged from $100 billion a year in 2014 to just $31 billion last year, according to a new report published by the international law firm Baker McKenzie.
The New, Upgraded Chinese-Built Port in Lamu is Ready To Go
Kenya's National Treasury Cabinet Secretary Ukur Yatani personally inspected the new port facilities in Lamu and gave it his blessing ahead of the first ship that is scheduled to dock there on May 20th.
G7 Countries Are Going to Learn That Challenging China on Infrastructure is a Lot Easier Said Than Done
When I moved to Vietnam in 2012, Japan had just broken ground on the country's first subway system in the southern commercial hub of Saigon. Back then, there was a lot of excitement around ambitious plans to build half a dozen lines within a decade.
A New Chinese-Built Road in Nigeria Highlights Why Infrastructure is So Important For Local People and, More Importantly, Politicians
Both truckers and workers are celebrating the opening of a new, modern road that leads to the Ogun-Guangdong Free Trade zone in western Nigeria. The recently opened road has dramatically improved transport times for cargo and made it much easier for thousands of workers to get to ...