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Africa: China's Loans to Sub-Saharan Africa Outweigh Those of Western Nations
VOA, 10 February 2022
Chinese banks provided more loans to fund developmental projects in sub-Saharan Africa than some of the world's greatest economies combined from 2007 to 2020, according to a new… Read more »
China's Loans to Sub-Saharan Africa Outweigh Those of the West
Chinese banks provided more loans to fund developmental projects in sub-Saharan Africa than some of the world's greatest economies combined from 2007 to 2020, according to a new study.
The Washington and London-based Center for Global Development also reports that Chinese development banks provided a whopping U.S.$23 billion to finance public-private partnerships in the region - a figure that is more than double the combined amount of U.S.$9.1 billion lent by banks in the U.S., Japan, Germany, Netherlands, France and South Africa.
The global think-tank examined more than 500 infrastructure projects in Africa, with a private sector component that reached financial closure during the period, reports Ignatius Annor for Voice of America.
Documents
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9 February 2022
Stuck Near Ten Billion: Public-Private Infrastructure Finance in Sub-Saharan Africa
- Author:
- Nancy Lee and Mauricio Cardenas Gonzalez
- Publisher:
- Nancy Lee and Mauricio Cardenas Gonzalez
- Publication Date:
Many stress the critical role of the private sector in filling yawning sub-Saharan Africa (SSA) infrastructure finance gaps, only widened by the ... see more »
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Africa: Risks and Rewards of Continent's Access to International Capital Markets
ISS, 10 February 2022
International bond markets offer a ready funding stream but could increase debt vulnerabilities if not properly managed. Read more »
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Nigeria: Assets-Tied Loans - China Counters 'Distorted' Reports
Premium Times, 29 November 2021
Critics - including watchers in Nigeria, Africa's largest economy that is also relying on "generous" Chinese loans to fund critical infrastructural ambitions - say Beijing is… Read more »
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Africa: Is Democracy Relevant to Africa Now or the Chinese Loans in Exchange for Natural Resources?
New Dawn, 23 November 2021
The US State Department chief scribe, Antony J. Blinken, who is constitutionally referred to as the secretary of state has been parading East and West Africa in recent past with… Read more »
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Nigeria: Govt Plans to Obtain More Loans From China
Premium Times, 16 June 2021
Last week, the government said it will source funding to develop two key rail lines, from Standard Chartered Plc. Read more »
InFocus
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Yun Sun, the director of the China program at the Stimson Center, a Washington-based policy research center says that "the Chinese economy is taking a heavy hit from COVID-19" and ... Read more »
