“This is a global geopolitical earthquake […] as the summit pushed for a multipolar global order that centers on the Global South, directly challenging the US dominance. And when it comes to institutional development, the launching of a global governance initiative, the GCI, which is going to promote a fairer, more inclusive global institution. And of course, the other thing is the Shanghai Cooperation Organization development bank, which is actually going to give grants and loans from China and strengthen cooperation in energy, technology, and security. What does this mean for Africa? It means more financing options. We are going to get loans; we are going to get grants from China and from the Shanghai Corporation Organization,” Masibo explained.