September 19, 2015
What crisis? 16 of China's biggest projects in Africa - it's all billion dollar territory in here
Earlier this year, Chinese state news agency Xinhua published that the country has so far in Africa completed some 1,046 projects, built railways to a total of 2,233 kilometres, and laid 3,350 km of highways. According to the largest public database of Chinese development finance in Africa, researchers claim that there are currently 3,030 active projects in Africa. China is clearly racing to deliver on commitments made in 2012 when then-president Hu Jintao offered $20 billion in loans to African countries, doubling its previous pledge.
