How is Covid-19 changing China-Africa economic relations? — Quartz Africa


At the beginning of April this year, as Nigeria was scrambling to track coronavirus cases and dealing with tanking oil prices, a rare spot of good economic news made headlines: A deep sea port project under construction in Lagos, financed by the China Development Bank and African Development Bank, was to receive a $221 million equity investment injection from the China Harbour Engineering Company. The company is one of several shareholders in the project, along with the Nigerian Ports Authority.

For Yunnan Chen, a senior researcher in development and public finance at the Overseas…



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