China’s total overseas energy financing last year dropped to its lowest level since 2008 but still topped US$4.6 billion, with two-thirds – US$3.1 billion – going to Africa.Most of the money, about US$2.5 billion, went into the building of a natural gas pipeline in Nigeria, funded by the Exim Bank of China. The Ajaokuta-Kaduna-Kano natural gas pipeline is the country’s biggest domestic gas transmission infrastructure and is expected to revive moribund industries along its route.No evidence of…



READ SOURCE

READ  Taiwan commissions new coastguard ships to bolster defences as concerns over attack from mainland China grow

LEAVE A REPLY

Please enter your comment!
Please enter your name here