Day: June 23, 2020
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10 Issues That Will Shape China-Africa Relations in 2021
1. VACCINES: With the U.S., EU on the Sidelines, China's Vaccine Distribution in Africa Could Produce Huge Geopolitical Dividends China is building a COVID-19 vaccine distribution pipeline in Africa including a cold-chain air bridge from Shenzhen, a distribution hub in ...
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G20 Wraps Up Summit With Lots of Promises But Very Little Concrete Action on Debt Relief
Debt relief for the world's poorest countries was high on the agenda at this weekend's Group of 20 summit organized by Saudi Arabia. The conference ended on Sunday with what's become standard promises to expand its Debt Service Suspension Initiative (DSSI) and calls ...
China Claims It’s Done More to Relieve Developing World Debt Than Any Other G20 Member
Chinese Finance Minister Liu Kun provided a robust defense of Beijing's participation in the G20's Debt Service Suspension Initiative and said his government is doing more than any other in the group in providing billions of dollars of debt relief to the world's poorest countries.
China and the G20’s New “Common Framework” For Debt Relief
One of the highlights from the latest G20 summit was the group's endorsement of a so-called "common framework" that would create a set of standards for countries not eligible for the Debt Service Suspension Initiative (DSSI). Officials at the U.S. Treasury who championed the idea said the ...
Dissecting the Zambian Debt Crisis and What Role China, Private Creditors Played
One week after Zambia failed to meet a deadline to repay $42.5 million on some of its Eurobond debt, African and international media are examining what went wrong and who precisely is to blame. In an appearance ...
This is a free preview of the upcoming Africa EVs Weekly Digest, part of the new CGSP Intelligence service. With this edition, we start our expansion from covering EV adoption in Africa to tracking electrification across the Global South. The e-mobility revolution is ...
Why Are We Still Talking About Chinese “Debt Traps?”
My own focus on China-Africa relations is filtered through my background in media studies. One effect of this training is that I'm fascinated by the narratives that shape the relationship, how they spread and what they reveal. One of the hardiest ...
China’s Outgoing Ambassador to Kenya Makes the Rounds to Say Good-bye
China's outgoing ambassador to Kenya, Wu Peng, is making the rounds to various government ministers to say good-bye ahead of his return to Beijing where he will be assigned a new, still unannounced posting. On Tuesday, Ambassador Wu paid a visit to Kenyan Interior ...
Vera Songwe on Chinese Debt Relief for Africa: “There’s Still a Lot to be Done”
Executive Secretary of the United Nations Economic Commission for Africa, Vera Songwe, joined Masood Ahmed, president of the Washington, D.C.-based think tank Center for Global Development, in an online discussion last week where she provided an update on the status of the ongoing debt relief ...
Amid Rising Fears Over Debt, Government Tries to Reassure Public That China Will Not Seize Assets
This year's dramatic fall in oil prices combined with the federal government's move to take on billions of dollars in new loans in the midst of an ongoing economic crisis is prompting widespread anxiety in Nigeria. Those concerns were further amplified this week when the country's Debt ...
With a $1 Billion Payment Due, Kenyan MPs Call on Government to Renegotiate SGR Loan Deal with China
Kenya's National Treasury is calling on the parliament to provide it with $940 million dollars for the latest instalment to repay China for the controversial Standard Gauge Railway (SGR). The Treasury's request prompted new appeals from MPs for urgent talks with ...
Chinese Immigrants in Africa Assimilate Far More Than You May Think
It's often widely assumed that Chinese immigrants in Africa prefer to isolate themselves from local communities and generally resist assimilation. That perception, though, is incorrect according to the findings of two leading scholars from Hong Kong, Yan Hairong and Barry Sautman, ...









