Day: March 24, 2020
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The Challenge of Responding to the Zambian Crisis
Zambia’s slow creep towards an official default is raising a lot of discussion about how to avoid this kind of crisis from spreading. Not surprisingly, much of this focus is falling on China, and rightly so. China’s insistence on handling successive troubled loans on an opaque case-by-case ...
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Russian and Chinese Propaganda Efforts in Africa
Combatting fake news, misinformation and outright propaganda is one of the foremost challenges confronting policymakers in Africa and elsewhere around the world. Some of that misleading information is distributed organically while other memes are intentionally deployed by governments to influence local ...
As Zambia Nears Default, Analysts Examine What Went Wrong
Although Zambia missed a $42.5 million bond payment on November 14th, and effectively defaulted on that portion of its debt, it's still technically not in default yet. It will probably officially cross that line within the next few days, making it the first African country this year ...
Many Kenyans Surprised and Somewhat Perturbed That the Chinese Contractor Building the Nairobi Expressway is Going to Make a LOT of Money
The China Road and Bridge Corporation (CRBC), a Chinese state-owned construction company, is forecast to earn almost a billion dollars in profits over the 27 years that it will operate the new Nairobi Expressway that's now under construction. Details of the ...
With Chinese Loans Coming Due, Ethiopia Moves Forward With Ethio Telecom Privatization Plan
The Ethiopian government is moving forward with plans to sell off a 45% stake of the state-owned Ethio Telecom along with two more telecom licenses even though this may not be the best time to do that given the weak economy and the escalating conflict in the ...
Environmental activists from Wahana Lingkungan Hidup (WALHI) organization wearing orangutan masks unfurled banners and posters during the International Action Day of Protest Against Bank of China in Jakarta, Friday, March 1, 2019.(Photo by Aditya Irawan/NurPhoto) (Photo by Aditya Irawan / NurPhoto / NurPhoto via AFP)
A Chinese-backed hydropower project in Indonesia is emerging as an example of a growing challenge in Beijing’s overseas investments. Compliance with host-country regulations may no longer be enough to shield projects from disruption, scrutiny, or reputational risk. The Batang Toru hydropower project is a major ...
China’s Former Ambassador to South Africa, Lin Songtian, is Officially Gone
Despite his reputation as brash, outspoken and confrontational, Lin Songtian, the former Chinese ambassador to South Africa, quietly left the country on Monday. His sudden departure is a bit surprising given the enormous role he played in shaping ...
Lin Songtian, China’s Brash Former Ambassador to South Africa Suddenly Returns Home
China’s most outspoken ambassador in Africa, Lin Songtian, abruptly left his post in South Africa yesterday just a few days after news had broke that he had been ordered back to China. Lin published ...