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Browsing: China Construction Company
Is China is fueling Africa’s economy? That could be a question with so many angles to explore – such as – is it worth it for Africa to accept humongous loans from the industrial giant amid her journey to prosperity while opening doors for her nations to invest and heavily mark China’s ingenuity across continent-wide African infrastructure?
China, one of the world’s top economies provides eight types of foreign aid: complete projects, goods and materials, technical cooperation, human resource development cooperation, medical assistance, emergency humanitarian aid, volunteer programs, and debt relief (Brookings).
The World Bank has been ousted by China as the world’s largest bilateral creditor, making China the largest single country creditor on Planet Earth (The African Report, 2021).
In a larger context, Africa is now heavily being catered for financially by China. According to a report by The African Report, which cited data from China-Africa Initiative, between the …