Day: September 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 ...
Peru's presidential candidate Alfonso Lopez Chau speaks during his closing campaign rally beside First Vice Presidential candidate Luis Alberto Villanueva Carbajal and Second Vice Presidential candidate Ruth Zenaida Buendia Mestoquiari of the Ahora Nacion party, ahead of the April 12 general election, in Lima, Peru, April 9, 2026. REUTERS/Manuel Orbegozo
By Lucinda Elliott and Marco Aquino As Peru heads into the first round of its presidential election on Sunday, Washington is mounting its most assertive push in years to shore up influence in the major copper producer that has become a key strategic partner for China, ...
Fresh or Frozen: Should Kenya and China Renegotiate Their 2019 “Avocado Deal”?
Whether it is ordering a vegetarian wrap or having a healthy fruit and veggie smoothie, the most sought after ingredient I crave for is avocado! Today, be it Beijing or Shanghai, restaurant chains and smoothie bars, are now catering to their customers' healthy tastes, delivering on this ...
Reporter’s Notebook: China’s Controversial Distant Fishing Fleet
The presence of China's distant fishing fleet in African waters is increasingly becoming a contentious domestic political issues in a number of countries, particularly in West Africa. At a campaign rally in September, Ghanaian vice presidential candidate