China Exim Bank

 Zambian President Rupiah Bwezani Banda toasts with Chinese President Hu Jintao, 2010When it comes to loans, Africa has a clear preference: lots from China, a little less from the World Bank please.

According to data compiled by rating agency Fitch, loans from China’s Exim bank to Africa in 2011 were double that of the World Bank, cementing a trend which started around 2005. Continue reading »