Chinese funding of sub-Saharan Africa infrastructure dwarfs that of West: Think tank - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

A Chinese engineer and a local construction worker work on a section of the Mombasa-Nairobi standard gauge railway in Emali, Kenya October 10, 2015.

Nancy Lee, lead author of the paper and a senior policy fellow at the center, said overall public funding for projects in sub-Saharan Africa remained stuck at around $9 billion, well short of what the region needs for roads, dams and bridges. Between 2007 and 2020, China Exim Bank and China Development Bank provided $23 billion in financing, while all other major development finance institutions combined provided $9.1 billion, the report found.

Incredible!! but are these loans, donations or indirect Investments fr China 🇨🇳?

So, basically...we've got new captures...

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

South Africa needs to a pick a Covid strategy and stick to it: finance bossEY Africa chief executive Ajen Sita says South Africa needs to ‘radically and rapidly’ get its economy working again, with the country facing a number of challenges that need urgent government attention. just let people do what they want, that’s the best strategy
Source: BusinessTechSA - 🏆 24. / 61 Read more »