China’s loans to Angola: aid, investment or trade? by Lucy Corkin China is financing and building bridges, dams, highways, power plants and rail lines from southern Angola to Sudan in North Africa. It is one of the continent’s most significant yet controversial spenders on infrastructure. Keen to get its hands on Africa’s mineral wealth, China, through its state-owned Export-Import Bank (Exim), has extended resource-backed credit lines to the Democratic Republic of Congo (DRC), Ghana, Zimbabwe and other countries. However, the details the bank uses to finance these projects are not well known. Many see these package deals as foreign aid…
