ShippingWatch

China will lend billions to support Africa’s infrastructure

China will double its investments in energy- and mineral-rich African nations and lend $20 billion to African countries, writes Breakbulk in its latest newsletter.

Photo: Mark Ralston

China recently announced it would lend $20 billion to African governments for infrastructure and agriculture projects over the next three years, thereby doubling its investment in energy- and mineral-rich African nations compared to its 2009 aid programs, writes Breakbulk in its latest newsletter.  

According to international reports, China's president Hu Jintao made this announcement at the Fifth Ministerial Conference of the Forum on China-Africa Cooperation held in Beijing last week.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Daewoo Shipbuilding makes deal with conglomerate on conditional sale

Shipbuilding group DSME has signed a memorandum of understanding with conglomerate Hanwha Group about a sale of Korea Development Bank’s 50-percent equity position, according to a news agency. The state-owned bank has previously stated that the yard ought to be sold quickly. Updated.

Related articles

Latest news

See all jobs