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…


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