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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 ...
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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 ...

[CGSP Forum] Africa’s Energy Future and China: Gauging the Price of Power

Join us for the first CGSP Forum, a new series of live, conversational discussions bringing fresh perspectives to the world’s most important debates. This inaugural session explores China’s role in shaping Africa’s energy landscape, drawing on insights from CGSP's new

Inside the Bid: How Chinese Power Projects Are Procured in Africa

Behind every power plant is a crucial decision: who gets to build it, and how. Whether a project is delivered on time and on budget often hinges on how it was procured. Was it awarded through a competitive bidding process or negotiated behind closed doors? Were contractors ...

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 ...
Israeli Experts Converge: China Can’t Afford to Back Iran
An Iranian man shouts anti-U.S. and anti-Israeli slogans while standing in front of a portrait of Iran's new Supreme Leader, Ayatollah Mojtaba Khamenei, the son of the late Leader Ayatollah Ali Khamenei, during a rally to pledge allegiance to Mojtaba Khamenei amid the U.S.-Israeli military campaign in Tehran, Iran, on March 9, 2026. (Photo by Morteza Nikoubazl/NurPhoto) (Photo by Morteza Nikoubazl / NurPhoto / NurPhoto via AFP)
By Amanda Chen One week into the war triggered by the American-Israeli joint offensive on Iran launched on Saturday, February 28, Tehran’s retaliation has already expanded from targeting U.S. military assets to striking Gulf energy and civilian infrastructure. On March 7, Iranian President Masoud Pezeshkian publicly apologized to ...

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 ...

[CGSP Forum] Africa’s Energy Future and China: Gauging the Price of Power

Join us for the first CGSP Forum, a new series of live, conversational discussions bringing fresh perspectives to the world’s most important debates. This inaugural session explores China’s role in shaping Africa’s energy landscape, drawing on insights from CGSP's new

Inside the Bid: How Chinese Power Projects Are Procured in Africa

Behind every power plant is a crucial decision: who gets to build it, and how. Whether a project is delivered on time and on budget often hinges on how it was procured. Was it awarded through a competitive bidding process or negotiated behind closed doors? Were contractors ...

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 ...

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 ...

Understanding China’s Role in Africa’s Power Sector: A New Series from The China-Global South Project

China is helping build nearly one in every five power plants operating in Sub-Saharan Africa today, yet most people know very little about how these projects come together. As electricity demand rises and traditional development partners pull back, China’s influence is becoming even more significant.

China’s State Banks Extended No New Loans to Latin America and the Caribbean Last Year

For the second year in a row, Chinese policy banks (China Exim Bank and China Development Bank) extended no new loans to governments or state-owned enterprises in Latin America and the Caribbean (LAC). This was the finding of a new study by Boston University’s Global Development Policy Center ...

New Data Shows China’s Economic Relationship with Latin America and the Caribbean is Evolving

By Zara C. Albright and Rebecca Ray For the second year in a row, the China-Latin America Finance Database, jointly managed by the Boston University Global Development Policy (GDP) Center and the Inter-American Dialogue, recorded no new official finance commitments from China to ...

With Chinese Infrastructure Financing Drying Up in Africa, China’s Contractors Now Look to Europe

China's construction giants are knocking on the doors of development finance agencies in Europe in a bid to find new sources of funding for projects in Africa, according to a report in Global Trade Review. Until recently, Chinese ...

A Lot of People Mistakenly Think China’s The Major Funder of Coal Plants Around the World. New BU Report Says That’s Not the Case.

China is indeed the largest government funder of coal power projects around the world, accounting for 50% of coal projects that reached financial closure between 2013 and 2018, according to a new policy brief from Boston University's Global Development Policy Center.
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