Day: April 27, 2020
African Calls to Onshore Manufacturing From China Grow Louder but Investors Urge Caution
During a recent speech where he unveiled an R800 billion rescue package to combat the effects of the COVID-19 crisis, South African Finance Minister Tito Mboweni also laid out an ambitious vision for what he would like to see once the current crisis ...
Professor: Who Needs “Debt Traps” When China Can Just Buy African Assets on the Cheap?
University of Notre Dame China scholar, Professor Joshua Eisenman, used this month's $221 million equity infusion by the state-owned China Harbour Engineering Company (CHEC) into the Lekki Deep Sea Port Project currently under construction at the Lagos Free Trade Zone as another point of evidence as to why ...
There’s Growing Concern in the U.S. That Debt Relief for Africa and Other Developing Regions Would Just Help China
There is mounting concern in the United States that calls for debt relief from Africa and other developing regions that have been hit hard by COVID-19 and the subsequent economic crisis will only help those countries to pay back loans to China.
Did Tanzania’s President Really Cancel the Bagamoyo Port Deal with China? Probably Not.
There's widespread speculation circulating that Tanzanian President John Magufuli canceled the controversial $10 billion Bagamoyo port deal with China Merchants Holding International (CMHI). The story surfaced last week after the little-known website "Nairobi Mini Bloggers" website published a post ...