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Day: July 29, 2020

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 ...

Analysis from Cobus van Staden

Argentina Scores $924 Million in Deals from China

Argentina’s Economy Minister Sergio Massa managed to secure almost a billion dollars‘ worth of investment deals on the first leg of his trip to China.
He is on an economic rescue mission, with talks expected to renew and extend a currency swap agreement in order to infuse much-needed foreign money into the Argentinian economy.

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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 ...