Tuesday 13 April 2021
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scmp - 2 month ago

Bulk of China’s tightened belt and road energy finance goes to Africa

China’s total overseas energy financing last year dropped to its lowest level since 2008 but still topped US$4.6 billion, with two-thirds – US$3.1 billion – going to Africa.Most of the money, about US$2.5 billion, went into the building of a natural gas pipeline in Nigeria, funded by the Exim Bank of China. The Ajaokuta-Kaduna-Kano natural gas pipeline is the country’s biggest domestic gas transmission infrastructure and is expected to revive moribund industries along its route.No evidence of…


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