Day: July 29, 2020
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The G20 is Going to Try One More Time to Get Everyone Together to Come Up With a Debt Relief Plan for Poor Countries
Finance Ministers and central bankers from the Group of 20 will convene an extraordinary meeting on November 13th in a bid to come up with a more robust debt relief plan for the world's poorest countries. A couple of weeks ...
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There’s Good News and Bad News About Kenya’s Ballooning National Debt
After Angola and Zambia, Kenya is high on the list of countries at risk of encountering severe debt distress due in part to extensive borrowing from China to fund major infrastructure projects like the Standard Gauge Railway and, more recently, its seemingly insatiable appetite for more debt. ...
China Launched a Virtual Trade Show With East Africa This Week That It Says Will Get 10,000 Attendees
With physical trade fairs all shut down due to the COVID-19 pandemic, Chinese trade promotion authorities are experimenting with new virtual models. On Monday, a China-Africa virtual expo kicked off, reportedly with more than a thousand exhibitors from both regions and organizers say they're confident ...
U.S. Throws WTO Director-General Selection Process Into Chaos, Possibly With an Eye on China
The United States threw a wrench into the selection process for the World Trade Organization's next Director-General when it moved on Wednesday to block the appointment of Nigerian-American Ngozi Okonjo-Iweala to support its preferred candidate Yoo Myung-hee, South Korea's trade minister. Washington's stated ...
Algeria Opened the New Chinese-Built Mega Mosque
Algeria's new Grand Mosque, the largest mosque in Africa, hosted its first public prayers yesterday -- 18 months after the China State Construction Engineering Corporation completed construction. The new mosque, known locally as the Djamaa El-Djazair, occupies ...
Fishermen conduct abalone management and protection operations at sea in the waters of Xiaocheng Town, Lianjiang County, Fuzhou City, Fujian Province, China, on March 14, 2026. (Photo by Costfoto/NurPhoto) (Photo by CFOTO / NurPhoto / NurPhoto via AFP)
"China's financial commitments are simply more tangible and easier to grasp than those of Europe," one delegate from an island state remarked to me on a bright spring day in late March, as we both gazed out at the East River from the United Nations Headquarters. Behind us, in airless ...
The Message From the Global Financial System to Africans Seeking Debt Relief Is Clear: You’re on Your Own
Ghana's increasingly outspoken finance minister Ken Ofori-Atta is giving voice to the growing frustration across Africa that calls for urgent debt relief have largely failed. In an interview this week with Bloomberg, Minister Ofori-Atta said the global financial system is failing Africa and places ...
Reminder: Africa Doesn’t Have a Chinese Debt Problem, About 10 African Countries Do
The South China Morning Post's Inkstone team published a brief analysis today showcasing data from the China-Africa Research Initiative (CARI) at Johns Hopkins University. It provides a fresh reminder that the Chinese debt crisis in Africa is confined to a relatively small number of countries. ...
A Controversial China-Africa Documentary is Now Available to View Online… But You’ll Have to Hurry
The controversial documentary about Enock Alu, a teenager growing up in a Chinese Buddhist orphanage in Malawi, who is torn between his African identity and his Chinese upbringing is now available to view for free online for a limited period. The film, ...
Meaningful Debt Relief Probably Isn’t Going to Happen. We Should All be Worried.
The Financial Times newspaper deserves a lot of credit for calling out the world's wealthiest governments for their glaring hypocrisy on the issue of African debt relief. While treasuries in the U.S., Europe, Japan, and China come up with new creative solutions to insulate their ...
Huawei in Africa: Problems? What Problems?
While Huawei is facing intense scrutiny in certain European countries, the United States, and parts of Asia, the Chinese telecom giant is seemingly unimpeded in African markets. Just as in the brewing political standoff between the U.S. and China, where African leaders are doing their best to ...
Jack Ma Foundation Selects the Top 50 Finalists For This Year’s African Business Heroes Award
African tech Twitter exploded with excitement yesterday when the top 50 finalists for the immensely popular African Business Heroes (ABH) award was announced. 22,000 people from every country across the continent registered for this year's competition, according to event organizers.
China, African Union Move Forward to Build New Center for Disease Control HQ
The African Union's Commissioner for Social Affairs, Amira Elfadil, attended a signing ceremony on Monday in Addis Ababa with representatives from China's Ministry of Commerce to finalize the agreement for construction of the Africa Centers for Disease Control. Finalizing the deal to ...
China’s Escalating Conflict With the U.S. Prompts Re-Think on Foreign Aid Policy
Until now, international development assistance has not been a central theme of the increasingly bitter feud between the United States and China, but it could now be emerging as a new front in this conflict. "China and the U.S. are competing in many different areas, with foreign ...