Tag

Africa policy

Loans: China’s Africa financing nearly halved in 2024

China’s lending to Africa fell sharply in 2024 from the previous year. Beijing is moving away from multi-billion-dollar, US-dollar infrastructure projects and increasingly shifting toward more selective financing in renminbi.

By Yi Ling Pan

Trade and resources: Wang Yi sets off on Africa tour

China’s foreign minister Wang Yi began a tour of four African countries on Wednesday. In Tanzania, the focus is in part on access to mineral resources. In Somalia, China aims to strengthen the central government in Mogadishu. Taiwan and Israel diplomatically recognize the breakaway region of Somaliland.

By Leonardo Pape