Tag: loans
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Tonga’s Debt to China Hinders Rebuild Four Years on From Eruption
By Ben Strang More than four years on from one of the most powerful volcanic eruptions in history, Tonga is struggling to improve its infrastructure as it pays off a massive Chinese loan. When Hunga ...
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Angola Turns to China for $4.8 Billion Refinery Loan
Angola’s state oil company, Sonangol, is seeking a $4.8 billion loan from Chinese lenders to finance the long-delayed Lobito refinery, reinforcing Luanda’s continued reliance on Beijing for large-scale energy infrastructure funding. The project aims to reduce Angola’s dependence on imported fuel ...
Senior Kenyan Diplomat Visits Beijing as Nairobi Deepens Development Talks With China
Kenya's Principal Secretary for Foreign Affairs, Korir Sing'Oei, is in Beijing this week for talks with senior Chinese development and finance officials. Sing'Oei's first stop on Monday was at the headquarters of the China-Africa Development Fund, where he met with senior ...
Constructive Responses to Net Negative Transfers: What Next for China’s Financial Relationship With Low-Income Countries
By Rebecca Ray In the last few years, China’s net debt transfers (new disbursements minus repayments) to low-income countries have turned negative. This trend means that poor countries are now repaying China more each year for past years’ lending than they ...
With Chinese Backing, Cameroon Opens Second Phase of Kribi Deep-Sea Port
Cameroon opened the second phase of its Kribi deep-sea port earlier this month, marking a major step in the country’s efforts to strengthen its logistics infrastructure and expand its role in regional trade. The government completed the $650 million ...
Peru's presidential candidate Alfonso Lopez Chau speaks during his closing campaign rally beside First Vice Presidential candidate Luis Alberto Villanueva Carbajal and Second Vice Presidential candidate Ruth Zenaida Buendia Mestoquiari of the Ahora Nacion party, ahead of the April 12 general election, in Lima, Peru, April 9, 2026. REUTERS/Manuel Orbegozo
By Lucinda Elliott and Marco Aquino As Peru heads into the first round of its presidential election on Sunday, Washington is mounting its most assertive push in years to shore up influence in the major copper producer that has become a key strategic partner for China, ...
Tonga’s Debt to China Hinders Rebuild Four Years on From Eruption
By Ben Strang More than four years on from one of the most powerful volcanic eruptions in history, Tonga is struggling to improve its infrastructure as it pays off a massive Chinese loan. When Hunga ...
Angola Turns to China for $4.8 Billion Refinery Loan
Angola’s state oil company, Sonangol, is seeking a $4.8 billion loan from Chinese lenders to finance the long-delayed Lobito refinery, reinforcing Luanda’s continued reliance on Beijing for large-scale energy infrastructure funding. The project aims to reduce Angola’s dependence on imported fuel ...
Senior Kenyan Diplomat Visits Beijing as Nairobi Deepens Development Talks With China
Kenya's Principal Secretary for Foreign Affairs, Korir Sing'Oei, is in Beijing this week for talks with senior Chinese development and finance officials. Sing'Oei's first stop on Monday was at the headquarters of the China-Africa Development Fund, where he met with senior ...
Constructive Responses to Net Negative Transfers: What Next for China’s Financial Relationship With Low-Income Countries
By Rebecca Ray In the last few years, China’s net debt transfers (new disbursements minus repayments) to low-income countries have turned negative. This trend means that poor countries are now repaying China more each year for past years’ lending than they ...
With Chinese Backing, Cameroon Opens Second Phase of Kribi Deep-Sea Port
Cameroon opened the second phase of its Kribi deep-sea port earlier this month, marking a major step in the country’s efforts to strengthen its logistics infrastructure and expand its role in regional trade. The government completed the $650 million ...
With Chinese Backing, Cameroon Opens Second Phase of Kribi Deep-Sea Port
Cameroon opened the second phase of its Kribi deep-sea port earlier this month, marking a major step in the country’s efforts to strengthen its logistics infrastructure and expand its role in regional trade. The government completed the $650 million ...
The New Realities About Chinese Development Finance in Africa
Chinese overseas development finance is unrecognizable from what it was just a few years ago. After suffering tens of billions of dollars in losses, Chinese lenders have moved to de-risk their lending to countries in Africa, Asia, and across the Global ...
Bolivia Inaugurates Steel Plant Built With Chinese Loan
Short on foreign currency, Bolivia inaugurated a steel plant Monday that it hopes will reduce its reliance on metal imports, thanks to a loan from China. The Mutun megaproject in Puerto Suarez, near Bolivia's border with Brazil, was built at a ...
Rethinking China’s Role in Africa’s Energy Future
By Jiaqi Lu Expanding electricity access is one of the most pressing challenges for Africa’s development, with 600 million people—roughly 43% of the continent’s population—still lacking access to reliable electricity. The 2025 Africa ...
XI Hails ‘Historical Opportunity’ for China-Sri Lanka Ties in Talks With President
Chinese leader Xi Jinping said relations between China and Sri Lanka faced a "historical opportunity" to foster ties, in talks with the island nation's President Anura Kumara Dissanayake on Wednesday. "China-Sri Lanka relations face a historical opportunity to build on the ...
Chinese Foreign Minister Wang Yi Wraps Up Low Key Africa Tour
Chinese Foreign Minister Wang Yi ended a four-nation Africa tour on Thursday that included stops in Namibia, the Republic of Congo, Chad, and Nigeria. Other than a $255 million railway loan deal for Nigeria, there were very few other major announcements ...
U.S., China Development Finance Competition in Africa
As geopolitical tensions grow around issues like critical minerals and debt, Chinese discourse about development is increasingly becoming more geopolitical. A recent article by Wang Miao, an assistant professor at Harbin Institute of Technology, shows how China and the United States’s engagement with Africa is contrasted in ...