Day: March 11, 2020
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The Bondholders’ View of the African Debt Crisis
The ongoing debt crisis in Zambia and several other African countries is proving to be much more difficult to resolve than in previous years because of the expanded role of both Chinese lenders and bondholders. Both of these creditors have starkly ...
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Critical Zambian Bondholder Vote to Take Place Today
A coalition of Zambian bondholders is expected to cast their votes today (Wednesday) to decide on whether or not to grant the government a six-month repayment holiday on $3 billion of Eurobond notes, according to sources quoted by Bloomberg. Results are scheduled to ...
COVID Vaccine Narrative Battles Intensify Following Pfizer Announcement
A narrative battle over COVID-19 vaccines is emerging in the aftermath of this week's announcement by Pfizer that its vaccine is reportedly 90% effective. That news also coincided with an interruption of a Chinese-made COVID vaccine clinical in Brazil ...
COVID-19 Tops the Agenda at China-Gulf Countries Foreign Minister Meeting
Chinese Foreign Minister Wang Yi met with six of his counterparts from the Gulf Cooperation Council on Tuesday for a virtual conference, where COVID-19 was atop the agenda. The ministers focused on access to a future C19 vaccine as well as PPE and other pandemic mitigation resources. ...
All This Talk About Vaccines Gives a Desperately-Needed Boost to Two of Africa’s Largest Oil Producing Countries
The prices for Nigerian Bonny Light and Angolan Cabinda crudes have regained some lost ground in November thanks to the Pfizer vaccine news and the U.S. elections. Given that both countries face enormous debt servicing challenges, these higher oil prices will help to replenish government coffers. China ...
Foreign Ministers Badr Abdelatty of Egypt, Prince Faisal bin Farhan Al Saud of Saudi Arabia, Ishaq Dar of Pakistan and Hakan Fidan of Turkey meet to discuss regional de-escalation, amid the U.S.-Israel conflict with Iran, in Islamabad, Pakistan, March 29, 2026. Muammer Tan/Turkish Foreign MinistryHandout via REUTERS
By Francesca Daniele On March 11, 2026, the United Nations Security Council adopted Resolution 2817. Proposed by Bahrain and backed by fellow Gulf Cooperation Council (GCC) countries as well as Jordan, the resolution condemns “in the strongest terms” Iran’s “egregious attacks” against Gulf ...
The Economic Implications of COVID-19 in Cameroon and Key Lessons for Policymakers
COVID-19 has infected more than 100,000 people in at least 77 countries, disrupting global manufacturing supply chains and causing a slowdown in key service sectors such as tourism, transport, and recreation. While the virus will cause exports from Cameroon to China and Italy to fall, policymakers must ...
Racially Charged Conspiracy Theories About Why COVID-19 is Rarer in Africa Circulate Widely on African Twitter
While COVID-19 is now rapidly spreading in Europe and the United States, Africa, as far as we know, has so far largely been spared. This has prompted a heated discussion online about why the continent has seen so few infections. While ...
As the COVID-19 Crisis Recedes at Home, China Promises New Support for African Countries
Chinese Foreign Ministry spokesman Geng Shuang addressed Africa's struggle against COVID-19 at yesterday's regular press briefing in Beijing. Geng acknowledged that a number of African countries had provided China with money and supplies in recent weeks and promised that Beijing would provide additional support in return.
South Africans to be Evacuated From Wuhan Will be Home by Friday Says Government
After weeks of delays and uncertainty, details of the operation to evacuate 122 South African nationals from Wuhan, China, the epicenter of the COVID-19 epidemic, were suddenly revealed on Tuesday. President Cyril Ramaphosa paid a visit to the military crew who ...