China helps light up African countries
By Edith Mutethya in Nairobi, Kenya | China Daily | Updated: 2019-07-12 07:57
The Export-Import Bank of China, also known as China EximBank, will step up efforts to support clean energy and development of renewable energy in Africa.
The bank has already financed several energy projects across Africa. For example, it provided 85 percent of the funds for the $5.8 billion Mambila hydropower plant in Nigeria.
The plant, which is being constructed by Sinohydro Corporation and China Civil Engineering Construction Corporation, is expected to supply 3.5 gigawatts.
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