Day: October 2, 2020
China, Bondholders, and the Worsening African Debt Crisis
The debt crisis in Zambia got a lot worse this week after bondholders refused the government's request for a 6-month repayment delay. Those private creditors said they're frustrated by the government's lack of transparency about the total amount of debt ...
Letter to the Editor: Why China Will NOT Seize the Port of Mombasa if Kenya Defaults on SGR Debt
Hi Eric, Just caught this statement [in your September 28 column "China Faces a Critical Test": "And let’s not forget that, should Kenya Railways default on the Nairobi-to-Mombasa SGR loan, there's always the Port of Mombasa that serves as collateral"] ...
Will Africa’s First Free Trade Agreement With China Actually Help Africa?
Famed for its natural beauty, surrounded by nothing but the Indian Ocean, tiny in size yet densely populated, understanding how Mauritius managed to become the most developed, diversified, and competitive economy in Africa is worth exploring. Overall, Mauritius’s economic growth is ...