China pushes smaller, smarter loans to Africa to shield from risks …C0NTINUE READING HERE >>>
As African leaders gathered this week for Beijing’s biggest summit since the pandemic, President Xi Jinping committed more than $50 billion in financing over the next three years.
Photo: GREG BAKER / AFP
Source: AFP
China’s years of splashing cash on big-ticket infrastructure projects in Africa may be over, analysts say, with Beijing seeking to shield itself from risky, indebted partners on the continent as it grapples with a slowing economy at home.
Beijing for years dished out…
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