financing options

China loans to strain African debt market liquidity – Moody’s

By Nadoun Coulibaly, Nadoun Coulibaly

Reserved for subscribers

Posted on May 23, 2023 13:10

© Chinese Foreign Minister Qin Gang (Left) at a press conference with African Union Commission Chairperson Moussa Faki in Addis Ababa, Ethiopia, on January 11, 2023. DONG JIANGHUI/Xinhua via AFP. — Chinese Foreign Minister Qin Gang (Left) at a press conference with African Union Commission Chairperson Moussa Faki in Addis Ababa, Ethiopia, on January 11, 2023. DONG JIANGHUI/Xinhua via AFP.

Rating agency Moody’s warns that some loans, particularly Chinese ones, are coming due in a market where financing conditions have deteriorated. We explain.

Although Africa’s creditors have diversified considerably in recent years – offering more opportunities to obtain financing for infrastructure needed for growth – a recent Moody’s report is warning of a liquidity risk.

There's more to this story

Get unlimited access to our exclusive journalism and features today. Our award-winning team of correspondents and editors report from over 54 African countries, from Cape Town to Cairo, from Abidjan to Abuja to Addis Ababa. Africa. Unlocked.

Subscribe Now

cancel anytime

Already a a subscriber Sign In

More Business

© Fatih Birol, Executive Director of the International Energy Agency (IEA) (Photo by SIMON MAINA / AFP)

predicted decline

IEA-OPEC clash ‘beginning of the end’ of fossil fuels? According to the International Energy Agency the decline of oil, gas, and coal is imminent. Producer cartel OPEC has hit back, calling the forecasts ‘...

© Photos by Youri Lenquette, JA – Mike Hutchings, Reuters

VALUE ADD

CEO Heinie Werth: Sanlam-Allianz joint venture a long-term play in Africa SanlamAllianz Africa is a newly launched holding company domiciled in South Africa with a commitment to the whole continent, according to the CEO.

A person stacks cases of bottles containing alcohol at an informal a brewing facility that makes fake whisky, brandy, vodka and other spirits, in Harare, Zimbabwe March 23, 2023 REUTERS/Philimon Bulawayo

still traditional

Whisky or vodka? Study reveals Africans’ alcohol consumption habits Africa’s demographic growth is whetting the appetite of alcohol sector leaders Heineken, Diageo, and AB InBev.

Italians evacuated from Niger arrive at Ciampino Airport, near Rome

Cut off

Niger still isolated after airports reopening Air France, Turkish Airlines and pan-African airline Asky have not returned to Niamey, despite the reopening of Niger’s skies to commercial flights ea...