Power Markets
China's financing to Africa rises for first time in 7 years, research study programs
Chinese lending institutions approved loans worth $4.61 billion to Africa in 2015, marking the first annual increase given that 2016, an independent study revealed on Thursday. Africa protected more than $10 billion in loans a year from China between 2012-2018, thanks to President Xi Jinping's Belt and Roadway Initiative (BRI), however the lending fell precipitously from the start of the COVID-19 pandemic in 2020. In 2015's figure, a more than three-fold increase from 2022, reveals China is keen to curb risks connected with highly indebted economies, the study by Boston University's Global Development Policy Centre found. Beijing appears to be...