China Exim Bank has funded the belt and road project of a Standard Gauge Railway passenger train from Mombasa to Naivasha in Kenya but is now demanding a commercial viability study before releasing money to fund the link to Malaba. Photo: EPA-EFE China Exim Bank has funded the belt and road project of a Standard Gauge Railway passenger train from Mombasa to Naivasha in Kenya but is now demanding a commercial viability study before releasing money to fund the link to Malaba. Photo: EPA-EFE
China Exim Bank has funded the belt and road project of a Standard Gauge Railway passenger train from Mombasa to Naivasha in Kenya but is now demanding a commercial viability study before releasing money to fund the link to Malaba. Photo: EPA-EFE

Pandemic takes the shine off China’s Belt and Road Initiative as African partners struggle with coronavirus

  • Projects are hit from both ends as Chinese banks strictly scrutinise potential lenders and African nations are squeezed by Covid-19 and economic constraints
  • Xi Jinping’s pet project is criticised at home where many believe money is better spent on economic recovery in China

Topic |   China-Africa relations
China Exim Bank has funded the belt and road project of a Standard Gauge Railway passenger train from Mombasa to Naivasha in Kenya but is now demanding a commercial viability study before releasing money to fund the link to Malaba. Photo: EPA-EFE China Exim Bank has funded the belt and road project of a Standard Gauge Railway passenger train from Mombasa to Naivasha in Kenya but is now demanding a commercial viability study before releasing money to fund the link to Malaba. Photo: EPA-EFE
China Exim Bank has funded the belt and road project of a Standard Gauge Railway passenger train from Mombasa to Naivasha in Kenya but is now demanding a commercial viability study before releasing money to fund the link to Malaba. Photo: EPA-EFE
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