China slashes African infrastructure loans but ICT funding holds firm

Published on: Tuesday 26 April 2022

Chinese lending to Africa fell by 78 per cent to its lowest level in more than a decade in 2020, with just 11 deals signed worth US$1.9 billion - partly because of the Covid-19 pandemic. According to the Chinese loans to Africa database, managed by the Boston University Global Development Policy Centre, this compares with 33 loan agreements worth US$8.3 billion in 2019. The 2020 agreements included transport, power, ICT and banking sector projects in eight countries - Burkina Faso, Democratic Re

News source: https://www.yahoo.com/now/china-slashes-african-infrastructure-loans-093000347.html

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China slashes African infrastructure loans but ICT funding holds firm