Tag Archives: China Africa Investment

Botched Addis Ababa-Djibouti Railway Project a Warning to Belt and Road Investors

Planning behind many China-led projects abroad [in Africa] has been ‘downright inadequate’ and costly

Lessons should be drawn from the poorly executed US$4 billion Addis Ababa-Djibouti freight railway, warns head of China’s export credit insurer Sinosure.

BY ERIC NG | SOUTH CHINA MORNING POST

The planning behind many of China’s major infrastructure projects abroad has been “downright inadequate”, leading to huge financial losses, according to the head of the country’s state export credit insurer. Continue reading Botched Addis Ababa-Djibouti Railway Project a Warning to Belt and Road Investors

China Scales Back Investment in Ethiopia

Ethiopia’s economy pressured by rising debt and foreign exchange crisis

Reaching their limits. Chinese entities, which have loaned Ethiopia more than $13bn between 2006 and 2015 for everything from roads and railways to industrial parks, are now taking a “more cautious approach” in the face of a rising forex crisis and high government debt profile.

BY THE FINANCIAL TIMES

China is scaling back investment in Ethiopia in the face of rising foreign exchange shortages and government debt, highlighting the fragility of the African nation’s economy as the new prime minister prioritizes political reform to quell three years of deadly social unrest.  Continue reading China Scales Back Investment in Ethiopia