Plunging oil, copper, and mineral prices could threaten China's $200 billion in investments and loans in Africa, Nikkei reports.
Djibouti has become a linchpin in China's Belt and Road Initiative, but the U.S. is concerned that the financial toll of Covid-19 may increase Djibouti's risk of falling into a "debt trap" created by high-levels of Chinese lending, Nikkei reports.
French train maker Alstom is set to take over a railway unit of Canada's Bombardier in an $8.2 billion deal aimed at giving it the scale to better compete with China's CRRC, which continues to advance in Africa and Asia through the BRI, Nikkei reports.
China has exported AI technology to over 60 countries, some of which have concerning human rights records, raising concerns among some countries that China may be "exporting authoritarianism," Nikkei reports.
Leaders from Japan and Africa on Friday agreed on the need for infrastructure development that accounts for a country's ability to pay off debt, a veiled reference to China's Belt and Road Initiative, Nikkei reports.
Djibouti Ports and Free Zones Authority is hoping to diversify its sources of funding away from China as it seeks $11 billion in investment for infrastructure upgrades and new facilities, says the company's Chairman.
Japan is encouraging its companies to work with African startups in a push to boost its national profile on the continent and compete with Chinese investment under its Belt and Road infrastructure initiative, Nikkei reports.
Japan has pledged to invest $2.84 billion in Africa's infrastructure to encourage transparency, in what some have interpreted as a response to corruption allegations linked to China's Belt and Road Initiative.