Day: October 5, 2020
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There Are Valuable Lessons For African Policymakers in the China-Australia Feud
The Guardian this week published a fascinating analysis of how the increasing diplomatic tensions between China and Australia could impact Africa. There are fears that recent Chinese crackdowns on Australian wine, barley, coal, and other commodities could be visited on the country’s exports of iron ...
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How’s the Belt & Road Doing During the Pandemic? Well, the Answer Depends on Who You Ask
There are conflicting assessments of the health of China's Belt and Road Initiative and how it's fared during the past 7-8 months amid the ongoing COVID-19 pandemic. A new report from the London-based analytics and consulting firm ...
Kenyan Newspaper Pleads With Government to Stop Borrowing Money
The influential financial newspaper Business Daily published a sharply-worded editorial on Wednesday that blasted the government for taking on more debt amid the country's worsening economic crisis. "The implications of the rapid accumulation of debt are stark. The rising repayments are ...
China’s Decision To Hold on To Its Oil Assets in Sudan May Now Start To Pay Off
Sudan's oil industry is starting to rumble back to life, following this year's landmark peace agreement with rival South Sudan and a dramatic improvement in ties with the United States, which recently took Khartoum off its list of state sponsors of terrorism.
Port Competition Along Africa’s East Coast Intensifies With China as a Central Player
After the Dubai-based ports operator DP World was effectively pushed out of Djibouti by China Merchants Port Holdings (CMPH), the Emiratis packed up and headed a few hundred kilometers down the coast to set up shop at the Port of Berbera in the self-declared ...
CPC Dalin refinery in Kaohsiung, as seen from Pingtung, Taiwan March 23, 2026. REUTERS/Ann Wang
By Joy Chiang Taiwan has been targeted by a wave of online disinformation claiming the self-ruled island's gas supplies will soon be completely depleted due to disruptions from the Middle East war -- a narrative officials say could cause panic and undermine confidence in the ...
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 ...
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 ...