Day: August 25, 2020
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Africa and the China-Less Recovery
African policymakers will soon look back at the past ten years - the pre-COVID-era - with rosy nostalgia. How wonderful it was to sit under the Chinese tree and watch the fruits of loans, trade, and investment all fall with abundance. ...
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Forget About Repayment Holidays, Kenya Wants Its Creditors (Ahem… China) To Cancel Some of Its Debts
The Kenyan Treasury is reportedly considering a new plan to approach its creditors to ask for outright cancellation of some of its debt, according to a report in Business Daily. Although a final decision has yet to be made, the Treasury is apparently considering ...
Kenya Treasury Secretary: “We Don’t Want to Give the Impression We Are Straining in Any Way”
The alarming headlines in today's Kenyan newspapers about the country's apparent inability to repay some of its debts contrasts sharply with the message conveyed by Cabinet Secretary for National Treasury Ukur Yatani in an interview with Bloomberg's Africa bureau chief David Malingha:
Allianz Research: Africa, Americas Had Better Brace for a “China-Less Recovery”
China is turning inwards and will slow its economic engagement in emerging markets in Africa and Latin America in the post-COVID-19-era, according to new analysis from the research arm of the German financial services giant Allianz. The report ...
Hundreds of Chinese Nationals Evacuated From Northern Ethiopia, Confirms Foreign Ministry Spokesman
600 Chinese nationals have reportedly been safely escorted out of the conflict zone in northern Ethiopia. "With the assistance of the Ethiopian side, the Chinese citizens there have basically been evacuated," confirmed Chinese Foreign Ministry spokesman Zhao Lijian at the regular ...
China’s Muted Response Over War in Iran Reflects Beijing’s Delicate Calculus as a Concerned Onlooker
Chinese President Xi Jinping attends the opening session of the Chinese People's Political Consultative Conference (CPPCC), at the Great Hall of the People in Beijing, China March 4, 2026. REUTERS/Florence Lo
By John Calabrese China has perfected the role of concerned onlooker as the Middle East conflict spreads across the region. With no direct role in the conflict and some 6,800 kilometers away from the action, Beijing has a little more ...
Development and the Complications of Tech
Today's news presents a vivid, if sobering, glimpse into the complications of Chinese tech in Africa. The same company - Transsion - is both boosting African startups and allegedly allowing African consumers to be scammed. The discussion about the spread ...
Ghana Renews Fishing Permit for Chinese Trawler That Has Refused to Pay a $1 Million Fine
Ghanaian fishing authorities have reportedly renewed the permit for the Lu Rong Yuan Yu 956, a Chinese vessel operated by Rongcheng Ocean Fishery Co. Ltd., even though the company has so far refused to pay a $1 million fine it incurred last year for using illegal nets.
Chinese Embassy in SA Openly Worried About the Safety of Chinese Diaspora in South Africa After a Spate of Recent Murders
The Chinese embassy in Pretoria published a detailed statement on Monday in which it openly expressed concern about the safety of the Chinese diaspora in South Africa following the brutal murder of 7 Chinese nationals in the past 50 days. Embassy ...
Pre-Installed Malware on Some Tecno Phones Stole Money, Data From Unsuspecting Users in Africa
An investigation by the mobile security firm Secure-D confirmed that some Tecno phones sold in Africa and other parts of the world came pre-installed with malware. The infected phones would secretly download apps and attempt to trick users into subscribing for paid ...
Naspers Stock Rises on White House Assurances That Proposed WeChat Ban Won’t be as Broad as Previously Feared
Investors in Africa's most valuable public company, Naspers, breathed a sigh of relief on Monday after hearing that any White House measures against WeChat and its parent company Tencent won't be as broad as initially feared. A Naspers subsidiary is Tencent's ...
Opposition Leaders in Nigeria’s House of Representatives Concerned about Pause in Investigation Into Chinese Loans
PDP opposition legislators from the House of Representatives took to the media on Monday to voice their concerns that a three-week postponement will jeopardize the investigation into Chinese loans. The House of Representatives last week suspended all investigations, public hearings, and ...
Do People Give the Chinese a Pass in Africa Because They Hate the French Even More, Wonders Right-Wing French Legislator
Julie Lechanteux, a conservative French MP in the European Union parliament and a member of Marine Le Pen's right-wing Rassemblement National party, channeled the growing unease across wide swathes of French society about the country's declining influence in Africa and the rise of China on ...
A Primer in How Chinese Development Finance Works in Africa
Today, China is the world's largest official creditor, more twice as large as the World and the International Monetary Fund combined. Nowhere is this more evident than in Africa where Beijing has lent an estimated ...