China's lending to Africa rises for first time in seven years, study shows

The loan shark business is as good as always!!! #1 lender to the Global South and it isn't because China is filled with good samaritans.

It's official, the US / Europe already lost Africa..

For more than a century, China and Russia have always supported the independence movements of the nascent African countries in their desire to free themselves from European colonialism..

It is logical that China and Russia have excellent relations with Africa, in addition to the desire of African countries to join the growing and increasingly powerful BRICS group..

100 countries queuing to join the BRICS, the world is waking up..

The loan shark business is as good as always!!! #1 lender to the Global South and it isn't because China is filled with good samaritans.

How it hurts some that the global south is rising, how those delicated US exceptionalist feelings are traumatized.. LOOOOL..

https://giphy.com/gifs/LOWLIVES-i-dont-like-you-idontlikeyou-lowlives-Wiy6mt9DiYJe3r1YnZ

Extra LOOOOOL..

its well known fact that China and Russia getting more influence in Africa these days...

Chinese visit Africa to invest. Americans and Europeans visit African to complain about China.

Be careful, Africa! Here's a country which would like nothing better than to enslave you.

Got it. Unlike the USA, Spain, Portugal, etc.

Well, that's how it only works. A helping hand and big but of course in fact lost 'investments', to handle a few temporary issues like getting a stake in rare resources and to avoid a mass influx of migrants. While the West still thinks they could solve problems in Africa by inviting Africans into their countries. No, this doesn't fix the problems in Africa, but sinks the West to African levels quickly. China has probably no bigger problem with any of this. Look, they have a more than 5000 years history of highly developed society and have any empires seen rising and falling and disappearing. Only Africa and the West will have bigger and maybe existence threatening problems with all this, not China, as it is used to ups and downs for many thousands of years.

I'm not here to debate sovereignty claims. My point is that any ambassador should practice diplomacy, not social media grandstanding.

China can meet Africa’s energy demands. Chinese advanced technology of refining minerals will help African nations no doubt. China also can help Africa improve its hardware, specifically the underdeveloped electricity grids.

The problem with those who have gone into heart of darkness is that their dealings have been one sided: either pilfering and exploiting the continent of resources or charity work. Africa needs neither aid or being taken advantage of.

China is refreshing because China is going in to get something out of it while the African nations benefit as well. It’s a win win situation. China treats African nation not as the poor or impoverished but as an important business partner.

Mean and while, the inside the box thinking of Western engagement with Africa has been and is limited to philanthropy. We hear cries and warnings about how China is benefiting from investments in the continent and not a true Good Samaritan. God forbid an investor is receiving a return on his money!

There is no need to be a philanthropist. Western philanthropy comes with all kinds strings attached. China couldn’t care less (for you Americans it’s couldn’t not could) whether your government is democratic or monarchical. Let’s make a deal.

China is doing business in Africa and respects its business partners. Some will complain again about how China is using its own Chinese workers and not the local workers. It’s about time, money, and efficiency. The contractor determines how the contract work is to be fulfilled. This isn’t some affirmative action initiative.

Currently, only about 44% of Africans have access to stable electricity, and this insufficiency has held back African industrialization. Filling this void in a sustainable way offers significant opportunities to Chinese companies.

The International Energy Agency estimates China invested about ten times as much as Europe in its solar industry over the last decade. China installed more solar power in 2023 than the entire world commissioned.

Chinese firms now occupy 80% of the global solar value chain, from the manufacturing of polysilicon to making solar panels to installing smart girds. This means that Global South countries interested in renewables will almost certainly source components and know-how from China.

China has hijacked and stolen the Green Energy initiative that began in Europe and the U.S. of A. With Africa, Chinese technology is only going to be more advanced than it is now and opens a unique opportunity for certain African countries to boost industrialization by moving up mineral value chains.

African countries not only suffer from gaps in electricity generation but also have fragmented electricity grids that make it harder to integrate renewables into their electricity mix. Chinese grid capacity is high, and companies like Huawei are diversifying from data connectivity and smartphones, as mentioned in the article today, to energy storage solutions.

The best thing about this is that, unlike other countries, China does not require Africa to choose only China, and so Africa is free to work with other countries including the West in addition to working with China.