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Fewer loans in Africa

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Published: October 24th, 2023,
Last updated: May 28th, 2025

Kenya’s President William Ruto and Xi Jinping at the BRI Forum in Beijing.
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Africa’s big economies were all present in China last week when Chinese President Xi Jinping presented the milestones of the first decade of the Belt and Road Initiative (BRI). While China’s relations with Western countries are generally rocky, and the latter criticize the BRI, African governments sought closer ties with China at the third BRI Forum after 2017 and 2019.

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