China woos Nigeria with $50bn in export credit guarantees
3 April 2008
China has offered Nigeria US$50 billion in export credit guarantees to help fund projects in Nigeria over the next three years, the Financial Times reported. The offer by Sinosure, China's export credit guarantee agency, would support Beijing's efforts to secure access to energy resources in Nigeria, Africa's largest oil producer. Neither China nor Nigeria has outlined specifics of the projects that would be funded, but Chinese companies are reportedly interested in investing in railways and Nigeria's power sector. Sinosure is also partnering with the China Development Bank to fund further projects in Africa.
Bookmark and Share:
Other Categories
Other news from 3 April 2008
Related Articles
- Fund managers told to support stock market post-quake
- China calls for Rio Tinto boycott
- CLSA could increase stake in Chinese JV
- PBOC: China to use exchange rate to fight inflation
- Rio Tinto considering Chinese partnership for Africa
To receive the best China business news that the market has to offer,
subscribe to the China Economic Review.
subscribe to the China Economic Review.