Day: October 5, 2020

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Kenyatta Aims to Diversify Infrastructure Finance and Development Away From Dependence on China

Kenyan President Uhuru Kenyatta returned on Saturday from a four-day trip to France loaded with $165 million (Sh17.91 billion) of new concessional loans, grants, and various other financing agreements for health and infrastructure development initiatives. The president signed ...

“Unlocking the Black Box” of Chinese Development Aid: A View From France

Chinese overseas development aid and finance remains something of a mystery to many outside observers. The opacity of the Chinese system, combined with large language and cultural differences often lead international stakeholders to complain that it's difficult to distinguish between Chinese aid, concessional financing, and market-based lending/investments. ...

Bondholders Reject Zambia’s Request to Delay Repayments Due to Concerns Over How Much Government Owes China

Zambia's burgeoning debt crisis got a whole lot worse on Friday after a committee representing bondholders rejected the government's request for a six-month repayment holiday on about $3 billion of Eurobond notes. The committee represents 14 international financial ...

IMF and World Bank Leaders Say the World’s Debt System is Broken and in Need of Urgent Repair

Leaders from the International Monetary Fund and the World Bank, including IMF chief Kristalina Georgieva, declared that the current "debt architecture" is broken and needs urgent action to prevent a full-blown crisis in some of the world's poorest countries. "The ...

U.S. Defense Secretary Wraps Up Tour of North Africa With a Parting Shot Towards China

U.S. Secretary of Defense Mark Esper wrapped up a low-profile five-day, four-country tour of the Mediterranean and North Africa over the weekend and just before he left, he fired off one final diss against China and Russia, accusing them of engaging in "destabilizing actions ...

Analysis from Cobus van Staden

China-Led Study Proposes Global Energy Network

A globally connected network of solar and wind energy could provide three times the global energy demand by 2050 at a lower cost than independent national power systems. This is the finding of a study led by the Chinese Academy of Sciences in collaboration with researchers from the United States and Denmark.

The study focused on how areas with high solar and wind capacity (such as deserts) can be linked to ...

This Chart Explains Why the U.S. Just Invested $25 Million in a Company That Will Help Diversify Its Supply of Cobalt

The United States Development Finance Corporation invested $25 million in a company that will help to develop a Brazilian nickel and cobalt mine. The U.S. and a growing number of European countries are becoming increasingly concerned about China's dominance of the global cobalt supply chain, given the ...

Chinese Ambassador to Chad’s Inspection of New Huawei Facility Highlights Beijing’s Growing Tech Dominance

China's ambassador to Chad, Li Jinjin, paid a vist on Sunday to a new network operations center that Huawei is building. Judging by the tweet, it seems like a rather mudane diplomatic excursion. But a look at the broader context reveals how "China's winning the war for ...

Finding New Ways to Finance African Infrastructure

Kenyan President Uhuru Kenyatta looked like he had a great time in France last week. After all, the weather in Paris this time of year is absolutely lovely and this being his first trip out of the country since the COVID-19 outbreak, he was able to get ...