Tag: Investment
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Many in U.S. & Europe Think China’s Belt and Road is Slowing Down. Leading Chinese Development Scholars Says They’re Looking at the Wrong Data.
Leading U.S. think tanks including CSIS and international media outlets like the Financial Times have settled on a narrative that the sharp reduction in Chinese overseas development lending provides the clearest evidence to date that China's Belt and Road Initiative is "pulling back" ...
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 ...
OPay Seeks to Raise $400 Million For Expansion Signaling Chinese VCs May Be Ready to Return to Africa
The Chinese-backed African fintech platform OPay is reportedly in talks with investors to raise as much as $400 million at a valuation of more than $1.5 billion, according to a report in The Information. That valuation, by the way, is three times higher than the ...
Niger President Mohamed Bazoum Criticizes “Western Complaining” About Chinese and Turkish Investment in His Country
Niger's President Mohamed Bazoum criticized the media for creating the impression that the west African country is beset by security challenges and not a safe place to invest. He said in an interview with ...
$25 Billion of Deals Signed During Annual Silk Road Forum in China
The Fifth annual Silk Road International Exposition ended on Saturday in the northwestern Chinese city of Xi'an where officials announced that $24.6 billion worth of investment deals were reportedly signed during the five-day event. In all, organizers say 72 ...
“I Have Had Enough!” DRC President Étienne Tshisekedi Hints He’s Ready to Take on Chinese Investors Over Unfair Contracts
DR Congo President Étienne Tshisekedi ventured to the heart of the country's cobalt mining territory to personally deliver a warning to foreign investors (read Chinese) that unfair mining contracts are going to be re-negotiated. On Thursday, the president traveled to the city of Kowlezi in the southern ...
Uganda Scrambles to Find Investors For Stalled Industrial Park Project After Chinese Partners Drop Out
The fate of the Masaka Industrial Park in southwest Uganda is now in question after Chinese investors, including the provincial government of Sichuan, pulled out of the project. The Chinese side withdrew after they failed to persuade their Ugandan partners to structure the deal as a joint ...
Five Reasons Why Chinese Private Investment is Flowing Into Africa
Almost a decade, China passed the United States to become Africa's leading source of foreign direct investment. LSE Senior Visiting Fellow Shirley Ze Yu explains why Chinese companies are looking to Africa for new opportunities and how today's African market is reminiscent of what China ...
China’s New Agreement With Iran is Important, Just Not That Important Say Experts
This weekend's signing of a highly-anticipated 25-year security and economic cooperation agreement between China and Iran was met with predictable anxiety in Washington and European capitals. The pact, signed by the visiting Chinese Foreign Minister Wang Yi and his Iranian counterpart Mohammad Javad Zarif, calls for cooperation ...
Q&A: Adding Value to Agricultural Exports to China Will be Key to Ethiopia’s Post-COVID Recovery
The ongoing COVID-19 pandemic is among the greatest challenges facing the global community today. While Ethiopia has had an overall successful response to the pandemic with a low rate of infections and deaths, the country has been negatively affected by global trends. According to the World ...
The Economist Intelligence Unit Mapped Out Chinese Trade and Investment in Africa
The London-based Forecast Director for the Economist Intelligence Unit, Agathe Demarai, has been posting quite a bit lately on China-Africa issues, albeit with varying degrees of accuracy (her assertion that Africa as a continent had a Chinese debt problem is not correct, for example) ...
The UK Invests More in Africa Than Either the U.S. or China
British Prime Minister Boris Johnson was among the featured guests at Wednesday's online Africa Investment Conference organized by the UK Department for International Trade. The conference was a follow-up to last year's UK-Africa Investment Summit that took place in London. One ...