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Day: September 29, 2020

In the Aftermath of Zambia’s Default, Fitch Warns Four Other African Countries Could Soon Follow

One of the world's major credit ratings agencies, Fitch Ratings, issued an ominous warning that last week's downgrade of Zambia's will likely not be the last in Sub-Saharan Africa. In an article published on its website yesterday, the agency highlighted Angola, the Republic of ...

Sudan Under Pressure From Both China and the U.S.

The Sudanese government is being pulled in opposite directions by the United States and China over potentially volatile political issues related to Israel and Xinjiang. In its efforts to move more North African and Arab countries to recognize Israel, the United ...

Congolese Forward Cédric Bakambu Becomes Beijing Guoan’s All-Time Scoring Leader

After he scored his 50th goal on Monday, Congolese forward Cédric Bakambu became the all-time scoring leader for Beijing Guoan in the Chinese Super League. The Chinese embassy in Kinshasa noted the achievement on Twitter.

COVID-19’s Unanticipated Outcomes

The recent announcement that Zambia will default on several of its Eurobond notes, and the indication from ratings agencies that several other African countries are in similar danger are just the latest indicators of how the economic crisis kicked off by the pandemic is impacting African economies.  ...

QZ Africa Editor Yinka Adegoke on the Current State of China-Africa Relations

There've been major developments over the past week in the African debt crisis. It appears that Angola and China reached a consensus on how to restructure the estimated $20 billion of loans that Luanda owes Beijing. This deal then paved ...

Analysis from Cobus van Staden

India Could Ban Cheap Chinese Phones

The Indian government could push Chinese mobile phone manufacturers out of the lower end of its market, according to a new report by Bloomberg. The possible ban is reportedly aimed at boosting India’s failing domestic phone makers in the lucrative sub-12,000 rupee ($150) sector. 

The move will be a blow to Chinese companies like Xiaomi, RealMe, and Transsion, who make up 80% of sales in the sub-$150 sector. Low-end smartphones occupy a third ...

Letter to the Editor: Defending the Interests of Africa’s Private Creditors

Hi Mr. Olander, I work as a sovereign credit analyst at a private buy-side financial firm - I research the Sub-Saharan (and Middle East/North Africa) regions, and as such your content enriches my understanding of the countries in which we invest. ...