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China’s secretive lending to Africa, Future of finance series

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China’s secretive lending to Africa, Future of finance series

Wednesday 27 March 2019 Vol.10 Ed.13.2

Commentary: China’s secretive lending to Africa

By Herbert Poenisch in Beijing

China’s footprints are visible in Ethiopia, as in other parts of Africa. This includes a recently expanded Ethiopian Airlines terminal at Addis Ababa Bole international airport. Passengers from Beijing, Hong Kong and Shanghai can now reach 61 destinations in Africa thanks to the carrier. While it is difficult to obtain hard facts about Beijing’s involvement, there are indications that Chinese banks have lent large amounts to to the airline. As part of China’s ‘going global’ strategy, Ethiopia plays an important role as a transport hub in Africa.

Read the full commentary on the website.

Podcast: Future of finance series

Peter Andrews, senior adviser at Oxera and former chief economist at the Financial Conduct Authority, joins Ellie Groves, programmes manager at OMFIF.

They discuss the risks and opportunities as shadow banking becomes a more established feature of the global financial sector.

Listen to the recording, or search for OMFIF on your smartphone’s podcast app.

 

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