Day: September 2, 2020

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Book Review: “What Is China up To in Africa? Read This Book.”

Laura Seay, a well-known professor of African politics at Colby College in the United States, gave a glowing review in the Washington Post's Monkey Cage column this week to the new book by Wake Forest University assistant professor Lina Benabdallah.

Angola Gets a Brief Debt Repayment Holiday From Wealthy Creditors, but Still No Word on What China’s Going To Do

The Paris Club of wealthy creditor states announced a breakthrough in debt repayment talks with Angola, providing Luanda debt service relief through the end of the year. According to a statement published by the Paris Club on ...

Debt Relief Helps But It’s Still Not Enough to Offset the Economic Impact of COVID-19

The Beijing-based consultancy Development Reimagined (DR) released a new data set this week that tracks COVID-19 developments in African countries and their economic impact. Their reports and infographics provide a useful companion to the latest news from the Paris Club that Angola will be granted ...

Dambisa Moyo: China Using Current Market Instability to Take Power Away From US, European Societies

China is using the current economic downturn "as an opportunity to take geopolitical power away from Western societies," said international development economist and best-selling author Dambisa Moyo in an interview with the institutional finance publication Investment & Pensions Europe.

Africa, Mideast Feature Prominently in Pentagon’s Annual Report on the Chinese Military

China has eclipsed the United States as the country with the world's largest navy, according to the Pentagon's annual report on the Chinese military that it submits to Congress. The new report warns that China is progressing steadily towards its ambition to have a ...

Analysis from Cobus van Staden

How to Lure Chinese Financing Back to the Global South: Report

Global South countries face increasing financing pressure, endangering their ability to keep developing while also implementing measures to deal with a growing climate crisis. The disruption of global trade is coupled with a larger megatrend: flows of international capital to the developing world have turned negative. This means that countries are now routinely paying more to service loans than they receive in disbursements.

The vast majority of Global South borrowers ...

African Athletes Emerge as Superstars in Chinese Soccer and Basketball Leagues

There's been a surge of media coverage in recent days about African athletes, mostly soccer players, in China. Both the men's and women's Chinese Super Leagues have spent big money in recent years to lure top-level talent from Africa and now those investments are starting to pay ...