Day: September 24, 2020
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The Challenge of Responding to the Zambian Crisis
Zambia’s slow creep towards an official default is raising a lot of discussion about how to avoid this kind of crisis from spreading. Not surprisingly, much of this focus is falling on China, and rightly so. China’s insistence on handling successive troubled loans on an opaque case-by-case ...
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Russian and Chinese Propaganda Efforts in Africa
Combatting fake news, misinformation and outright propaganda is one of the foremost challenges confronting policymakers in Africa and elsewhere around the world. Some of that misleading information is distributed organically while other memes are intentionally deployed by governments to influence local ...
As Zambia Nears Default, Analysts Examine What Went Wrong
Although Zambia missed a $42.5 million bond payment on November 14th, and effectively defaulted on that portion of its debt, it's still technically not in default yet. It will probably officially cross that line within the next few days, making it the first African country this year ...
Many Kenyans Surprised and Somewhat Perturbed That the Chinese Contractor Building the Nairobi Expressway is Going to Make a LOT of Money
The China Road and Bridge Corporation (CRBC), a Chinese state-owned construction company, is forecast to earn almost a billion dollars in profits over the 27 years that it will operate the new Nairobi Expressway that's now under construction. Details of the ...
With Chinese Loans Coming Due, Ethiopia Moves Forward With Ethio Telecom Privatization Plan
The Ethiopian government is moving forward with plans to sell off a 45% stake of the state-owned Ethio Telecom along with two more telecom licenses even though this may not be the best time to do that given the weak economy and the escalating conflict in the ...
Source: Wikistrat Expert Analysis | How the War in Iran is Shaping China’s Strategic Calculus
There's been a lot of speculation in U.S. and European policy analysis circles over what lessons China is taking away from the U.S.-Israeli war against Iran. The debate largely divides along two broad categories. On one side, popular in Washington, D.C., contends that the massive ...
China Sends a Heavy Hitter To Be Its New Ambassador To South Africa
China's ambassador-designate to South Africa, Chen Xiaodong, arrived at O.R. Tambo International Airport in Johannesburg yesterday to start his tour as Beijing's sixth envoy to Pretoria. Chen's appointment to the post reaffirms Beijing's view that South Africa remains its most important ...
Following President Xi’s UNGA Speech, Chinese Diplomats in Africa Double-down on Vaccine Accessibility Pledge
Chinese diplomats in Africa are reaffirming President Xi Jinping's pledge to make a COVID-19 vaccine available to people across the continent once it's tested and ready for distribution. Fang Yi, the political attaché at the Chinese embassy in Uganda,
Martyn Davies: “African Economies Have Pivoted Towards a China-Centric Asia”
Long-time China-Africa market analyst Martyn Davies, the managing director for emerging markets at Deloitte, explains why the once dominant "Chimerica" (China-America) is now giving way to a new era of "ChiAfrica" (China-Africa) trade. Watch the full ...
Chinese Propaganda Floats the Idea of Integrating the Belt & Road Initiative With the AfCFTA
The Communist Party-controlled China Daily newspaper published an interesting article today written by Lewis Ndichu, a research and policy analyst at the Kenya-based think tank Africa Policy Institute, that proposes how China's Belt and Road Initiative can be integrated into the new African Continental Free ...
One of Nigeria’s Elder Statesmen Reflects on Ties With China
Aminu Wali, 79, is long retired from a distinguished diplomatic career as Nigeria's envoy to China, the United Nations and a stint as the country's foreign minister. In a wide-ranging interview with the Premium Times newspaper, Wali reflected on the current state of ties with China and ...
Popular Ghanaian YouTuber Goes to Village Where Chinese Man Was Named a Development Chief to Find Out What Happened
Ever since the Chinese businessman, Sun Qiang, was named development chief (Nkosuohene) of the small Ghanaian town of Kwahu-Abetifi two weeks ago, social media has been in an uproar. According to reports, Sun was awarded the title for giving $5,000 to the community. ...
What It Takes To Compete Against the Chinese in Africa
Remember all those exciting Africa summits that took place last year? The Russians and Turks each had one, as did the Europeans, and the Japanese. At one point it seemed kind ...