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Browsing: Belt and Road Initiative (BRI)
Leaders of Africa’s big economies such as South Africa and Kenya are in Beijing seeking loans for big infrastructure projects.…
Africa received loans worth $4.6 billion from China last year, an increase from what economies across the continent received in…
The African Growth and Opportunity Act (AGOA) has played a pivotal role in the economic relations between the US and Africa. Since its enactment by the US Congress in 2000, Agoa has offered African nations preferential access to American markets, promoting trade and economic growth. In recent years, however, AGOA has become a focal point in the intensifying competition between the US and China for influence in Africa.
Xi Jinping has elevated the China-Africa friendship to its most significant level since Mao Zedong’s reign. With Xi getting a third five-year term and perhaps staying in power even longer, those relations will strengthen further. Thus, Africa will remain pivotal in China’s plans for global economic control.
Kenya has deferred extension of the SGR project, secures avocado deal As global leaders and the business community met in…