Chinese lending to Africa fell to $2.1 billion in 2024, down over 90% from its 2016 peak and nearly half from 2023, per Boston University’s Global Development Policy Center. The trend started in 2019 amid COVID-19, driven by Chinese lenders' increased risk aversion from unpaid loans and African borrowing limits due to post-pandemic shocks and debt restructuring. Angola took nearly 70% of 2024 loans, mostly for an old road project. Energy lending stayed flat, with more loans now in yuan, creating new risks. The decline may boost roles for UAE, Islamic Development Bank, or US financing, though US efforts lack substance, an analyst said. China's trade surplus with Africa reached $102 billion last year.
After careful consideration, I have decided to step away completely from the Professional Tennis Players Association. This decision comes after ongoing concerns regarding transparency, governance, and the way my voice and image have been represented.