China’s Ambassador to Nigeria Sends Reassuring Signals on Infrastructure Loans

China’s ambassador to Nigeria, Cui Jianchun (photo), spoke to the media last week to address the mounting concerns about China’s commitment to continue providing loans for Nigerian infrastructure development.

  • Get a daily email packed with the latest China-Africa news and analysis.
  • Read exclusive insights on the key trends shaping China-Africa relations.
  • Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

OR

Click Here to Learn More

The post China’s Ambassador to Nigeria Sends Reassuring Signals on Infrastructure Loans appeared first on The China Africa Project.



source https://chinaafricaproject.com/2021/07/26/chinas-ambassador-to-nigeria-sends-reassuring-signals-on-infrastructure-loans/

Comments

Post a Comment

Popular posts from this blog

DR Congo Receives First Shipment of Chinese COVID Vaccines

For the first time, the DR Congo took delivery of a donation of Chinese-made vaccines. A shipment of 400,000 doses of Sinovac and an equal number of syringes arrived on Wednesday at the capital’s N’djili Airport. Get a daily email packed with the latest China-Africa news and analysis. Read exclusive insights on the key trends shaping China-Africa relations. Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South. China, Africa and the Global South... find out what’s happening. Subscribe today for unlimited access. Monthly $15/mo OR Yearly $149/yr (17% Savings) Already a subscriber? Log in Click Here to Learn More The post DR Congo Receives First Shipment of Chinese COVID Vaccines appeared first on The China Africa Project . source https://chinaafricaproject.com/2021/09/30/dr-congo-receives-first-shipment-of-chinese-covid-vaccines/
Read more

WEEK IN REVIEW: The G77 Bloc of Countries Together With China To Propose a New “Loss and Damage” Fund at the COP27 Summit

The G77 bloc of countries together with China is reportedly going to propose a new “loss and damage” fund at the COP27 summit to provide finance to poor countries impacted by climate disasters.  The fund appears to be a repackaged version of the failed “climate adaptation fund” that wealthy countries balked at financing. Supporters say they hope the new initiative will be established before the next round of climate talks in Dubai in 2023.  (REUTERS) U.S. Ambassador to Zambia Michael Gonzales called on all of Zambia’s creditors to accept debt write-offs.  Although he didn’t specifically mention Chinese creditors that own more than a third of Zambia’s external debt, he did say there was a “stinky debt’. “There’s a lot of shenanigans that went into the debt that the Zambian people are now saddled with for a generation,” he said during a Sunday interview on state television. (BLOOMBERG) Get a daily email packed with the latest China-Africa news and analysis. ...
Read more

African Leaders Renew Calls for Urgent Debt Relief and Financial Assistance

Leaders from several of Africa’s largest countries including  South Africa ,  Kenya , and  Ethiopia  renewed their urgent appeals on Tuesday for debt relief, debt cancellation, and immediate financial assistance from the international community to help support economies across the continent amid the increasingly dire economic crisis. What’s notable about the latest pleas from South African President Cyril Ramaphosa, Kenyan President Uhuru Kenyatta and Ethiopian Prime Minister Abiy Ahmed is how familiar they are. Since March, when the pandemic worsened in Africa, these and other African leaders have repeatedly issued similar appeals, all to little or no effect. Here’s a summary of their requests: Extend the G20’s Debt Service Suspension Initiative through 2021. Provide an immediate cash injection of between $100-$150 billion to assist African economies facing liquidity challenges. Issue new IMF Special Drawing Rights that would provide additional capital to the ...
Read more