Yet Kenyatta and Raila convinced each other they could override China's decision by making a joint direct appeal to President Xi Jinping during the Belt and Road Forum...
Along with Saudi Arabia the UAE has pledged $10bn and China's Xi Jinping pledged $15bn...
EU officials are rattled by the perception of China's dominance in Africa especially after President Xi Jinping offered US$60 billion in additional aid loans and investment at the Forum on China-Africa Co-operation – largesse Brussels can't match...
At the Forum on China-Africa Cooperation on 3-4 September Mnangagwa had a one-to-one meeting with Xi Jinping which insiders say covered Zimbabwe's need for $2 billion in standby funding not to balance the books but to satisfy requirements from the IMF and other lenders...
Britain's formal exit from the EU next March overtures to African countries in the Commonwealth about more favourable trade and investment deals in the near future and the promise of an additional $60 billion of Chinese investment from President Xi Jinping at the China-Africa summit this month also offer greater leverage to African countries to drive a harder bargain...
Vol 59 No 17 |
- SOUTH AFRICA
The China pledge was made by President Xi Jinping on the eve of the BRICS Business Summit held in South Africa last month highlighting Asia's key role in Africa...
Yet these projects were already in the pipeline agreed during President Xi Jinping's visit to Zimbabwe in December 2015...
Vol 59 No 5 |
- SIERRA LEONE
In 2015 Koroma promised the IMF not to go ahead with it only to plead with Chinese President Xi Jinping to keep it alive days later (AC Vol 56 No 23 Unclear for take-off)...
Modi's diplomatic air miles rival those of China's President Xi Jinping (AC Vol 57 No 8 Economy thwarts Buhari)...
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Reports of several substantive initiatives followed his meeting with President Xi Jinping: a US$6 billion loan from Bejing for infrastructure projects; a move to increase Nigeria's foreign reserves that are held in yuan (renminbi) currently at 10%; a deal with the Industrial and Commercial Bank of China (ICBC) to extend the use of Chinese currency in Nigeria's trade finance arrangements; the opening of negotiations on Nigeria's floating of a 'Panda Bond' a yuan-denominated bond for Nigeria which would be marketed in China...