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COVID-19: China Will Give Debt Relief To African Countries

COVID-19: China Will Give Debt Relief To African Countries By Chu Maoming   Within the FOCAC framework, China will cancel the debt of relevant African countries in the form of interest-free government loans that are due to mature by the end of 2020. This was announced by...

We’ll Ease Nigeria, Others’ Debt Burden – Chinese Minister

We’ll Ease Nigeria, Others’ Debt Burden - Chinese Minister   Chinese Foreign Minister, Wang Yi, has said China will work with other G20 members to implement the debt service suspension initiative to ease the debt burden of Nigeria and other African countries. In a statement by China’s...

Nigeria, China’s Bilateral Trade Now $8.6bn

Nigeria, China’s Bilateral Trade Now $8.6bn   Nigeria and China recorded $8.6bn bilateral trade between January and June 2019. There had also been an increase in the projects undertaken by China in the country. The Consul General, Chu Maoming, said this in his speech at the reception to...