NAIROBI: Chinese lenders approved loans worth US$4.61bil to Africa last year, marking the first annual increase since 2016, an independent study shows.
Africa secured more than US$10bil in loans a year from China between 2012-2018, thanks to President Xi Jinping’s Belt and Road Initiative (BRI), but the lending fell precipitously from the start of the Covid-19 pandemic in 2020.
