Energy Markets
China's lending to Africa increases for very first time in seven years, study shows
Chinese lending institutions authorized loans worth $4.61 billion to Africa last year, marking the first annual boost because 2016, an independent research study showed on Thursday. Africa protected more than $10 billion in loans a year from China in between 2012-2018, thanks to President Xi Jinping's Belt and Roadway Effort (BRI), however the financing fell precipitously from the start of the COVID-19 pandemic in 2020. In 2015's figure, a more than three-fold boost from 2022, reveals China is keen to curb risks associated with highly indebted economies, the research study by Boston University's Global Development Policy Centre discovered. Beijing seems...