The BRICS group wrapped up its two-day leaders’ summit in Rio de Janeiro on Monday. The summit’s final communique is a 16,000-word doorstop that covers numerous issues from economics to education.
The communique avoids any direct mention of the United States, and references to “unilateralism” and other coded criticism are also relatively scarce. Rather, the communique keeps the focus on the BRICS’ vision of the strengthening and reform of the global multilateral system ...
Tag: Lekki Deep Sea Port
Related Posts
China Exim Bank to Finance Controversial East African Oil Pipeline: Media Reports
The China Exim Bank will reportedly come to the rescue of the East African Crude Oil Pipeline after Standard Chartered Bank withdrew from the project that aims to transport oil from western Uganda to the coast of Tanzania. Ugandan Energy Minister Ruth ...
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.
Lekki Port Points to New Chinese Infrastructure Model in Africa
As China struggles with the fallout from infrastructure lending, it’s also trying out new ways of financing projects. A fascinating new paper by the prominent Africa-China expert Hong Zhang details a shift from a model where Chinese companies facilitate financing but ...
Buhari Commissions Port of Lekki, One of China’s Most Consequential Infrastructure Projects in Africa
Nigerian President Muhammadu Buhari officially opened West Africa's largest port facility on Tuesday when he commissioned the new Lekki Deep Sea Port in Lagos State. The opening coincided with the docking of the first cargo vessel, the French-flagged CMA CGM Mozart, to ...
China Harbour Completes Construction of West Africa’s Largest Deep Water Port in Nigeria
The state-owned China Harbour Engineering Company completed construction of the $1.5 billion Lekki Deep Sea Port near Lagos and officially handed over the facility to its Nigerian partners. Lagos State Governor, Babajide Sanwo-Olu, said the new port will generate 200,000 jobs ...
China’s Economic Slowdown Felt All the Way at the Port of Mombasa While Namibia’s Port Expands to Grab More DRC Cargo
🇰🇪 Kenyan shipping officials say the lockdowns in China and the long delays for vessels to dock in Chinese ports are having a major impact on the volumes of cargo processed at the Ports of Mombasa and Dar es Salaam. (THE EAST AFRICAN)