Parliament Fumes as Nigerian Govt Mortgages Country’s Sovereignty to China

Parliament Fumes as Nigerian Govt Mortgages Country’s Sovereignty to China Transport Minister blackmails parliament with threat of China withholding loans if probe continues July 29, 2020 The House of Representatives on Tuesday raised alarm over lethal clauses in Article 8(1) of the commercial loan agreement signed between Nigeria and Export-Import Bank of China which allegedly…

Africa’s Infrastructure Landscape to Change As Islamic Development Bank Joins Forces With China-Led AIIB Partnership

   Bandar Hajjar, IDB president: ‘We will co-finance many projects [with AIIB] in the future. Africa needs . . . about $150bn a year to finance infrastructure’    The largest development organisation in the Muslim world, the Islamic Development Bank, is set to ramp up its fundraising activities and form a partnership with the China-led Asian Infrastructure Investment Bank…

China Dismisses ‘Absurd’ Claim It Spies on African Union HQrs

China has dismissed reports it bugged the African Union (AU) headquarters as “preposterous”. Kuang Weilin, the Chinese ambassador to the AU, told reporters in Ethiopia the “absurd” claim in France’s Le Monde was “very difficult to understand”. He spoke out three days after the newspaper published an article claiming data from the Chinese-built AU building…

Which Countries Does China Favor With Foreign “Aid”?

    Which Countries Does China Favor With Its Foreign “Aid”? China gives aid mainly to Africa, but commercial interests are more geographically dispersed Top 10 Recipients of Chinese ODA: Cuba ($6.7 billion) Cote d’Ivoire ($4.0 billion) Ethiopia ($3.7 billion) Zimbabwe ($3.6 billion) Cameroon ($3.4 billion) Nigeria ($3.1 billion) Tanzania ($3.0 billion) Cambodia ($3.0 billion) Sri Lanka…