An Update on Chinese Lending in Africa (It's Not Good News)

This week's launch of the new Lagos to Ibadan Standard Gauge Railway may be the last time for a long while that a big multibillion dollars infrastructure project like this is built in Africa using Chinese loans. Chinese development finance lending in Africa and elsewhere throughout the Global South has cratered in recent years and it appears that Beijing has, at least for now, lost interest in loaning vast sums of money to poor countries to build infrastructure. To be sure, Chinese creditors are still making loans, just that they're a lot smaller, less risky, and demand air-tight feasibility studies that almost guarantee they'll get their money back. Zainab Usman, Africa program director at the Carnegie Endowment for International Peace, is closely following Chinese overseas finance trends to study the impact on the continent. She joins Eric & Cobus from Washington to discuss her latest analysis that explores "five key takeaways on Chinese lending in Africa." JOIN THE DISCUSSION: CAP on Facebook: www.facebook.com/ChinaAfricaProject Twitter: @eolander | @stadenesque | @mszeeusman SUBSCRIBE TO THE CHINA AFRICA PROJECT Your subscription supports independent journalism. Subscribers get the following: 1. The world's only curated China-Africa News Feed with thousands of articles archive 2. Exclusive analysis of the day's top stories about China in Africa and the Global South 3. A copy of the popular China-Africa Daily Brief newsletter delivered to your inbox by 6am Washington time M-F Try it free for 30-days and see if you like it. Subscriptions start at just $7 a month for students and teachers and $15 a month for everyone else. Subscribe here: www.chinaafricaproject.com/subscribe See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.