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.

📆 2022-02-09 오후 8:43:00
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China’s development banks provided $23 billion in financing for infrastructure projects in sub-Saharan Africa from 2007 to 2020, more than double the amount lent by such banks in the United States, Germany, Japan and France combined, a new study showed.

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.

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

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

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