[ad_1]
The federal government of Cameroon is searching for funding for the third section of a Huawei-built photo voltaic power undertaking that can join 1,000 communities. The undertaking began in 2017. The primary section was financed by a Huawei purchaser’s credit score, and the second by way of a mortgage from the Financial institution of China.
The truth that the federal government is now trying extra extensively for section 3 funding signifies the shakeup we’ve seen in Chinese language infrastructure financing within the International South over the previous few years, as coverage banks have more and more reduce funding. Latest analysis by Boston College reveals that Chinese language coverage banks prolonged no new abroad power loans final 12 months.
…
- Get a day by day e mail filled with the most recent
China-Africa information and evaluation. - Learn unique insights on the important thing traits
shaping China-Africa relations. - Full entry to the Information Feed that gives day by day updates on Chinese language engagement in Africa and all through the International South.
China, Africa and the International South… discover out what’s taking place.
[ad_2]
Source link