Day: December 6, 2019
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Why Ghana’s $2b Resource Deal With China Is Not as Risky as Critics Charge
News coverage and social media commentary about the recent deal signed between the Ghanaian government and the Chinese state-owned construction conglomerate Sinohydro is almost universally negative. According to deal, Ghana would exchange 5% of its ...
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Tweet of the Day: While the U.S. Talks About Building Things in Africa… Here’s the Kind of Thing the Chinese Are Doing Right Now.
This Tweet from Harare, Zimbabwe should give U.S. officials pause about the effectiveness of all those warnings to African governments about becoming too dependent on Chinese aid, loans and trade. The $100 million new parliament building, all funded and built by the Chinese, is starting to take ...
U.S. Says Forget About China’s “Belt and Road,” It’s Time For Developing Countries to Get Ready for The New “Blue Dot Network”
The United States is proposing a new infrastructure development plan for developing countries that is presumably intended to rival China's multi-billion-dollar "One Belt, One Road" strategy. Commerce Secretary Wilbur Ross unveiled the new "Blue Dot Network" on Tuesday at the Indo-Pacific Business Forum in Bangkok.
Senior U.S. Official Warns African Governments About Relying on “Fast and Loose Money”
The top energy diplomat for the United States, Francis Fannon, issued a clear warning to African governments to avoid taking oil and gas investments from "opaque forces" that could lead to erosion of their countries' sovereignty through debt-dependency. He didn't ...
Why Would Uganda Write a Letter to Support China’s Position in Hong Kong?
The Ugandan government last week seemingly felt it necessary, very likely at the strong urging of the Chinese government, to draft a letter that reaffirms Beijing's sovereignty over Hong Kong and the importance of the one country, two systems policy in response to the past four months ...
File image of a worker cleaning solar panels installed on the roof of the traditional Gedhe market in Klaten, Central Java. China’s $180 billion clean tech push is reshaping the Global South, with Indonesia a key test of who controls new green industries. (Photo: DEVI RAHMAN / AFP)
By Cobus van Staden, CGSP Head of Research Remember “no blood for oil”? Decades ago, the slogan emblematized opposition to the U.S. invasion of Iraq. Its logic subsequently shifted as the United States experienced a gas and oil revolution thanks to fracking.
Why Ghana’s $2b Resource Deal With China Is Not as Risky as Critics Charge
News coverage and social media commentary about the recent deal signed between the Ghanaian government and the Chinese state-owned construction conglomerate Sinohydro is almost universally negative. According to deal, Ghana would exchange 5% of its ...