Ethiopia prime minister says Africa becoming economic, political and social powerhouse
October 18, 2023 Africa is now realising its potential and capacity, with the formerly side-lined continent harnessing its demographic dividend and natural resources and becoming an economic, political and social…
Chinese loans to Africa plummet to near two-decade low – Study
Sept 19, 2023 Chinese sovereign lending to Africa fell below $1 billion last year – the lowest level in nearly two decades – underscoring Beijing’s shift away from a decades-long…
China’s waiver of African interest-free loans worth 1% or less of its lending to continent- Study
September 12, 2022 China’s waiver of 23 interest-free loans to African countries last month amounted to only 1.1% or less of Chinese lending to the continent, a study showed on…
Lagos new bus scheme kicks off with free service on five routes
New bus scheme The Lagos State Government on Wednesday launched the new buses under the Bus Reform Initiative (BRI) with free service on five routes, assuring that the development would…
China’s Xi hails over $64 billion BRI deals, assures of sustainable growth delivery
President Xi Jinping President Xi Jinping on Saturday hailed deals worth more than $64 billion signed during China’s Belt and Road Initiative (BRI) this week as he sought to reassure…
Lagarde says China’s Belt and Road infrastructure programme should only go where debt is sustainable
IMF MD, Christine Lagarde China’s massive Belt and Road infrastructure program should only go where it is needed and where the debt it generates can be sustained, International Monetary Fund…
Trade Relations: Nigeria Formally Joins China’s BRI
Nigeria has formally joined China’s Belt and Road Initiative, BRI, the Chinese Ambassador to Nigeria, Zhou Pingjian, has said. Zhou disclosed this at a Spring Festival reception for the media…