TSXV:AAA.P - Post by User
Post by
aaa-ftwon Jan 30, 2012 4:08pm
441 Views
Post# 19466824
China likes to spend $$$$$
China likes to spend $$$$$
Drag our Leaf Icon above to your taskbar to bookmark TGAM in Internet Explorer 9.
Weakened by chronic infighting and the demise of its long-time financier Moammar Gadhafi, the African Union is turning instead to the embrace of its richest new ally: China.
Col. Gadhafi, the Libyan dictator who was overthrown and killed last year, had been the biggest donor to Africa’s political alliance for years. But at its latest summit this weekend, the AU made it clear that Beijing is its new Libya.
The 54-nation African organization is holding its summit in its gleaming new $200-million marble-and-glass headquarters, financed and built by the Chinese government on the site of a former maximum-security prison in Addis Ababa.
https://www.theglobeandmail.com/news/world/african-union-embraces-generous-chinese-financing/article2318897/