CHINA INVESTMENT FOR AFRICA: $51 BLN

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<a href="news/2024" itemprop="item" > <span itemprop="name">2024</span> <meta itemprop="position" content="3"> </a> </span><span itemscope="" itemprop="itemListElement" itemtype="http://schema.org/ListItem"> <a href="news/2024/9" itemprop="item" > <span itemprop="name">September</span> <meta itemprop="position" content="4"> </a> </span><span class="active" itemscope="" itemprop="itemListElement" itemtype="http://schema.org/ListItem"><span itemprop="item" ><span itemprop="name">CHINA INVESTMENT FOR AFRICA: $51 BLN</span></span></span></div> <div class="date">2024-09-06 06:50:00</div> <div class="content-table"> <div class="content-block"> <div class="ru hidden hidden"> <h1>CHINA INVESTMENT FOR AFRICA: $51 BLN</h1> <div class="l-links"></div> <img src="/cache/09-2024/china-19.228239a3.jpg" alt="CHINA INVESTMENT FOR AFRICA: $51 BLN" class="page-img"/> <p> </p> <p> </p> <p style="line-height: 18pt;"><span style="font-size: 120%;"><span style="color: #333399;"><a href="https://ru.reuters.com/"><span style="color: #333399;">РЕЙТЕР</span></a></span> - </span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;"><span style="font-size: 120%;"> </span></span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;"><span style="font-size: 120%;"> </span></span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;"><span style="font-size: 120%;"> </span></span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;"><span style="font-size: 120%;">-----</span></span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Раньше:</span> </p> <table style="width: 620px;" border="0"> <tbody> <tr> <td> <div class="r-side"> <div class="r-side"><em><em><a href="news/2018/3/oil-price-not-above-$65"><img class="l-side" src="cache/03-18/PRICE-469.6d241b1b.png" alt="Prices" /></a></em></em> <div class="r-side"><em>2018, March, 14, 11:45:00</em> <h3><span style="color: #333399;"><strong><a href="news/2018/3/oil-price-not-above-$65"><span style="color: #333399;">OIL PRICE: NOT ABOVE $65</span></a></strong></span></h3> <p>REUTERS - U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $60.77 a barrel at 0753 GMT, up 6 cents, or 0.1 percent, from their previous settlement. Brent crude futures LCOc1 were at $64.62 per barrel, down just 2 cents from their last close.</p> <p> </p> </div> </div> </div> </td> </tr> <tr> <td><a href="news/2018/3/czena-nefti-poka-vyishe-$65"><img class="l-side" src="cache/03-18/PRICE-449.6d241b1b.png" alt="Prices" /></a> <div class="r-side"><em>2018, March, 7, 15:00:00</em> <h3><span style="color: #333399;"><strong><a href="news/2018/3/czena-nefti-poka-vyishe-$65"><span style="color: #333399;">ЦЕНА НЕФТИ: ПОКА ВЫШЕ $65</span></a></strong></span></h3> <p>РЕЙТЕР - К 9.17 МСК фьючерсы на североморскую смесь Brent опустились на 0,85 процента до $65,23 за баррель. Фьючерсные контракты на американскую лёгкую нефть WTI к этому времени торговались у отметки $62,07 за баррель, что на 0,85 процента ниже предыдущего закрытия.</p> <div class="l-links"><a href="news/2018/3/czena-nefti-poka-vyishe-$65?lang=ru">Русский</a> | <a href="news/2018/3/czena-nefti-poka-vyishe-$65?lang=en">English</a></div> <div class="l-links"> </div> </div> </td> </tr> <tr> <td><a href="news/2018/3/oil-prices-2018-19-$62"><img class="l-side" src="cache/03-18/oil-487.6d241b1b.png" alt="Prices" /></a> <div class="r-side"><em>2018, March, 7, 14:00:00</em> <h3><span style="color: #333399;"><strong><a href="news/2018/3/oil-prices-2018-19-$62"><span style="color: #333399;">OIL PRICES 2018 - 19: $62</span></a></strong></span></h3> <p>EIA - North Sea Brent crude oil spot prices averaged $65 per barrel (b) in February, a decrease of $4/b from the January level and the first month-over-month average decrease since June 2017. EIA forecasts Brent spot prices will average about $62/b in both 2018 and 2019 compared with an average of $54/b in 2017.</p> <p> </p> </div> </td> </tr> <tr> <td> <div class="r-side"><em><em><a href="news/2018/3/oil-price-above-$64-yet"><img class="l-side" src="cache/03-18/PRICE-438.6d241b1b.png" alt="Prices" /></a></em></em> <div class="r-side"><em>2018, March, 5, 11:35:00</em> <h3><span style="color: #333399;"><strong><a href="news/2018/3/oil-price-above-$64-yet"><span style="color: #333399;">ЦЕНА НЕФТИ: ПОКА ВЫШЕ $64</span></a></strong></span></h3> <p>РЕЙТЕР - К 9.28 МСК фьючерсы на североморскую смесь Brent поднялись на 0,33 процента до $64,58 за баррель. Фьючерсные контракты на американскую лёгкую нефть WTI к этому времени торговались у отметки $61,44 за баррель, что на 0,31 процента выше предыдущего закрытия.</p> <div class="l-links"><a href="news/2018/3/oil-price-above-$64-yet?lang=ru">Русский</a> | <a href="news/2018/3/oil-price-above-$64-yet?lang=en">English</a></div> <div class="l-links"> </div> </div> </div> </td> </tr> <tr> <td><a href="news/2018/3/czena-urals-$-65,99"><img class="l-side" src="cache/03-18/PRICE-429.6d241b1b.png" alt="Prices" /></a> <div class="r-side"><em>2018, March, 4, 11:30:00</em> <h3><span style="color: #333399;"><strong><a href="news/2018/3/czena-urals-$-65,99"><span style="color: #333399;">ЦЕНА URALS: $ 65,99</span></a></strong></span></h3> <p>МИНФИН РОССИИ - Средняя цена нефти марки Urals по итогам января – февраля 2018 года составила $ 65,99 за баррель.</p> <p> </p> </div> </td> </tr> <tr> <td> <div class="r-side"><em><em><a href="news/2018/2/oil-price-above-$67-again"><img class="l-side" src="cache/02-18/price-420.6d241b1b.png" alt="Prices" /></a></em></em> <div class="r-side"><em>2018, February, 27, 14:15:00</em> <h3><span style="color: #333399;"><strong><a href="news/2018/2/oil-price-above-$67-again"><span style="color: #333399;">ЦЕНА НЕФТИ: ОПЯТЬ ВЫШЕ $67</span></a></strong></span></h3> <p>РЕЙТЕР - К 9.18 МСК фьючерсы на североморскую смесь Brent опустились на 0,15 процента до $67,40 за баррель. Фьючерсные контракты на американскую лёгкую нефть WTI к этому времени торговались у отметки $63,80 за баррель, что на 0,17 процента ниже предыдущего закрытия.</p> <div class="l-links"><a href="news/2018/2/oil-price-above-$67-again?lang=ru">Русский</a> | <a href="news/2018/2/oil-price-above-$67-again?lang=en">English</a></div> <div class="l-links"> </div> </div> </div> </td> </tr> <tr> <td> <div class="r-side"><em><em><a href="news/2018/2/czena-urals-$66,26457"><img class="l-side" src="cache/02-18/PRICE-399.6d241b1b.png" alt="Prices" /></a></em></em> <div class="r-side"><em>2018, February, 27, 14:05:00</em> <h3><span style="color: #333399;"><strong><a href="news/2018/2/czena-urals-$66,26457"><span style="color: #333399;">ЦЕНА URALS: $66,26457</span></a></strong></span></h3> <p>МИНФИН РОССИИ - Средняя цена на нефть Urals за период мониторинга с 15 января по 14 февраля 2018 года составила $66,26457 за баррель, или $483,7 за тонну.</p> <p> </p> </div> </div> </td> </tr> </tbody> </table> <p style="line-height: 18pt;"><span style="font-size: 120%;"> </span></p> </div> <div class="en "> <h1>CHINA INVESTMENT FOR AFRICA: $51 BLN</h1> <div class="l-links"></div> <img src="/cache/09-2024/china-19.228239a3.jpg" alt="CHINA INVESTMENT FOR AFRICA: $51 BLN" class="page-img"/> <p style="line-height: 18pt;"><span style="font-size: 120%;"><span style="color: #0000ff;"><a href="https://www.reuters.com/" rel="nofollow" target="_blank"><span style="color: #0000ff;">REUTERS</span></a> </span>- Sept 5, 2024 - </span><span style="font-size: 120%;">President Xi Jinping pledged on Thursday to step up China's support across debt-laden Africa with funding of nearly $51 billion over three years, backing for more infrastructure projects, and the creation of at least 1 million jobs.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">China was ready to step up cooperation with Africa in industry, agriculture, infrastructure, trade and investment, Xi told delegates from more than 50 African nations gathered in Beijing for the three-yearly Forum on China-Africa Cooperation Summit.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">"China and Africa account for one-third of the world population. Without our modernisation, there will be no global modernisation," Xi said.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">China, the world's biggest bilateral lender, promised to carry out three times as many infrastructure projects across resource-rich Africa despite Xi's avowed new preference for "small and beautiful" schemes based around selling advanced and green technologies in which Chinese firms have invested heavily.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">The Chinese leader committed 360 billion yuan ($50.70 billion) in financial assistance over three years, but specified that 210 billion would be disbursed through credit lines and at least 70 billion in fresh investment by Chinese companies.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Smaller amounts would be provided through military aid and other projects.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">At the 2021 China-Africa summit in Dakar, China promised at least $10 billion in investment and the same again in credit lines. This time, the financial assistance would be in yuan, in an apparent push to further internationalise the Chinese yuan.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">After the opening ceremony, delegates adopted the Beijing Declaration on building "a shared future in the new era" as well as the Beijing Action Plan for 2025-2027, Chinese state media said.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Xi also called for a China-Africa network of land and sea sea links and co-ordinated development, urging Chinese contractors to return to the continent now that COVID-19 curbs that disrupted its projects had been lifted.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">He did not mention debt in his speech, despite Beijing being many African states' biggest bilateral lender but the Action Plan included terms for repayment postponements and called for the establishment of an African rating agency.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">United Nations Secretary General Antonio Guterres told the summit that African countries' inadequate access to debt relief and scarce resources was a recipe for social unrest.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">African lending arrangements vary from country to country. Gulf states like Saudi Arabia come after China for countries such as Ethiopia. Others like Kenya would have many creditors including European nations. There are also debts to multilateral bodies such as the World Bank and private bond holders.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;"><a class="fancybox" href='images/site/09-2024/china-20.jpg' ><img src="images/site/09-2024/china-20.jpg" alt="" /></a></span></p> <p style="line-height: 18pt;"><strong><span style="font-size: 120%;">SHARED FUTURE</span></strong></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">The forum chalks out a three-year programme for China and every African state bar Eswatini, which retains ties to Taiwan.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">In addition to 30 infrastructure connectivity projects, Xi said China was ready to launch 30 clean energy projects in Africa, offering to co-operate on nuclear technology and tackle a power deficit that has delayed efforts to industrialise.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">But he did not reiterate his pledge at the 2021 forum in Dakar for the Asian giant to buy $300 billion worth of African goods, pledging only to unilaterally expand market access.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">Analysts say Beijing's rules on plant sanitary checks are too strict, making China unable to meet that promise.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">But Africa looks set to receive more Chinese financing instead. Last year, China approved loans worth $4.61 billion to Africa, in the first annual increase since 2016.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">"I'm here to see how best we can foster our relationship with China," Princess Dugba, Sierra Leone's fisheries and marine resources minister, said on the summit's sidelines.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">"China is getting us a fish harbour, which is one of the first of its kind," she said.</span></p> <p style="line-height: 18pt;"><span style="font-size: 120%;">-----</span></p> </div> <br /> <div class="similar"> <p class="f18 w600">Earlier:</p> <div class="chronicle-tpl"> <a href="news/2024/7/china-grid-investment-83-bln" class="image"> <img src="/cache/07-2024/china-14.f4a42890.jpg" alt="CHINA INVESTMENT FOR AFRICA: $51 BLN" /> </a> <div class="info"> <div class="date">2024, July, 30, 06:15:00</div> <a href="news/2024/7/china-grid-investment-83-bln" class="title"> CHINA GRID INVESTMENT $83 BLN </a> <div class="intro"> State Grid Corp. of China, which covers more than 80% of the country, will increase spending 13% to 600 billion yuan ($83 billion) this year, the Economic Information Daily reported, citing a budget plan. </div> <div class="l-links"> <a href="news/2024/7/china-grid-investment-83-bln?lang=en">English</a> </div> </div> </div> <div class="chronicle-tpl"> <a href="news/2024/6/russian-nuclear-for-guinea" class="image"> <img src="/cache/06-2024/russia-37.87179fcf.jpg" alt="CHINA INVESTMENT FOR AFRICA: $51 BLN" /> </a> <div class="info"> <div class="date">2024, June, 13, 06:30:00</div> <a href="news/2024/6/russian-nuclear-for-guinea" class="title"> RUSSIAN NUCLEAR FOR GUINEA </a> <div class="intro"> The floating power units developed by Rosatom are based on the RITM-200 reactors which have been used for the latest generation of nuclear-powered icebreakers. </div> <div class="l-links"> <a href="news/2024/6/russian-nuclear-for-guinea?lang=en">English</a> </div> </div> </div> <div class="chronicle-tpl"> <a href="news/2024/6/russian-nuclear-for-burkina-faso" class="image"> <img src="/cache/06-2024/russia-38.f9df3958.jpg" alt="CHINA INVESTMENT FOR AFRICA: $51 BLN" /> </a> <div class="info"> <div class="date">2024, June, 13, 06:25:00</div> <a href="news/2024/6/russian-nuclear-for-burkina-faso" class="title"> RUSSIAN NUCLEAR FOR BURKINA FASO </a> <div class="intro"> The MoUs were signed by Rosatom Director General Alexei Likhachev and Burkina Faso's Minister of Energy, Mines and Quarries, Yacouba Zabre Guba, on the sidelines of the St Petersburg International Economic Forum. </div> <div class="l-links"> <a href="news/2024/6/russian-nuclear-for-burkina-faso?lang=en">English</a> </div> </div> </div> <div class="chronicle-tpl"> <a href="news/2023/11/south-africas-energy-investment-8.8-bln" class="image"> <img src="/cache/11-23/south-africa-1.30cc8fc7.jpg" alt="CHINA INVESTMENT FOR AFRICA: $51 BLN" /> </a> <div class="info"> <div class="date">2023, November, 27, 06:30:00</div> <a href="news/2023/11/south-africas-energy-investment-8.8-bln" class="title"> SOUTH AFRICA'S ENERGY INVESTMENT $8.8 BLN </a> <div class="intro"> The inclusion of development projects in Mpumalanga is an attempt to cushion that region from the economic impact of facilities closing down. Almost all of South Africa’s electricity — more than 80% of which comes from coal — is generated in the province. </div> <div class="l-links"> <a href="news/2023/11/south-africas-energy-investment-8.8-bln?lang=en">English</a> </div> </div> </div> <a href="news" class="all">All Publications »</a> </div> <div class="line"></div> Tags: <a href="all-publications-by-tag?tag=CHINA&key=tags" class="tl-tag">CHINA</a>, <a href="all-publications-by-tag?tag=AFRICA&key=tags" class="tl-tag">AFRICA</a>, <a href="all-publications-by-tag?tag=INVESTMENT&key=tags" class="tl-tag">INVESTMENT</a>, <a href="all-publications-by-tag?tag=ENERGY&key=tags" class="tl-tag">ENERGY</a> </div> <div class="sidebar"> <div class="bns"> <a href="https://www.energycentral.com/community?utm_source=&utm_medium=Banner&utm_campaignWOGN%20Parnter&utm_source=Trade" title="ENERGY-CENTRAL-1" target="_blank" rel="nofollow"> <img src="/cache/11-19/Share.Learn.Connect_855x280.d287510d.jpg" class="bn" alt="ENERGY-CENTRAL-1" 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CHINA INVESTMENT FOR AFRICA: $51 BLN