Trending
- Abu Dhabi radiates optimism as over 300 startups join AIM Congress 2024
- TLcom Capital Raises $154 million in Funding to Boost Its African Growth
- Africa’s $824Bn debt, resource-backed opaque loans slowing growth — AfDB
- LB Investment brings $1.2 trillion portfolio display to AIM Congress spotlight
- AmCham Summit kicks off, setting course for robust future of US-East Africa trade ties
- Why the UN is raising the red flag on the UK-Rwanda asylum treaty
- Portugal’s Galp Energia projects 10 billion barrels in Namibia’s new oil find
- Wärtsilä Energy offers tips on how Africa can navigate energy transition and grid reliability
Browsing: China trade with Africa
An action plan totalling US$40 billion in trade finance, commercial investments, and a share of Chinese SDRs was announced at the Forum on China-Africa Cooperation (Focac) in late November (SDR).
Despite the eye-catching headline, the actual amount pledged at the two most recent forums in 2015 and 2018 is far less than the US$60bn promised.
China has used concessional loans to fund a wide range of continent-wide infrastructure projects, including trains, airports, highways, and power plants.…