Covid pandemic reduced Chinese loans to Africa, report


Source: standardmedia.co.ke standardmedia.co.ke

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Covid pandemic reduced Chinese loans to Africa, report BUSINESS By Agency and Patrick Vidija | June 13th 2022 BUSINESS Sideview of the JKIA-Westlands Expressway deck at Uhuru Highway on June 4, 2022. [Jonah Onyango, Standard] China’s lending to African countries fell to a 16-year low in 2020 as the current Covid-19 pandemic took a toll on economies across the world. A report by Boston University indicates that the pandemic and its economic aftershocks have adversely impacted projects under China’s Belt and Road Initiative (BRI), both in terms of implementation and funding . According to the report, Chinese lending in the...