Day: October 15, 2020

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G20 Agrees to Give Poorest Nations Just the Bare Minimum for Debt Relief

Finance ministers and central bankers from the Group of 20 wealthy nations agreed to a bare-bones debt relief package on Wednesday that will extend the G20's Debt Service Suspension Initiative (DSSI) by six months until June 2021. The group ...

Even the World Bank President Doesn’t Think the DSSI Plan Goes Far Enough

David Malpass isn't that happy with the G20's latest iteration of its Debt Service Suspension Initiative that delays loan repayments an extra six months until June 2021. The World Bank president is calling for more than just a repayment holiday, he also wants to see actual debt ...

China Is Now a Key Player in Zambia’s Worsening Debt Crisis

We'll know next week if Zambia is going to be the first African country this year to default on part of its debt, or if it'll get the repayment reprieve it's been asking for. It's clear that the country's financial fate now largely rests with China.

The U.S. Has Long Complained About Huawei’s Rise But Never Found a Way to Effectively Challenge the Chinese Tech Company. One DC Think Tank Has a Few Suggestions

The United States government is determined to try and hamper the Chinese tech giant Huawei's efforts to become the dominant player in next-generation 5G mobile connectivity, AI, and other technologies. In May, Washington added the company to its so-called "entities list" that effectively cut off the Shenzhen-based ...

Africa’s Trade With China is Tiny in Comparison to Other Regions Around the World

China may be a very important trading partner of the majority of African nations, but the same is definitely not true in reverse. In the first nine months of the year, China's total global trade amounted to $3.4 trillion, according to new figures released by China Customs ...

Analysis from Cobus van Staden

Confusing Developments in “Development”

This week I’m in Brussels, where I took part in a workshop on how the EU should shape its development strategy in response to China’s global influence.
I have joked in the past that it feels like I’ve attended this same ‘EU, Africa, and External Development Partners’ conference for ten years straight. 

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African Women Shine in the Chinese Super League

For the second year in a row, the Women's Chinese Super League (WCSL), China's professional soccer league, awarded its top prize to an African player. 20-year old Zambian forward Barbara Banda took home the Golden Boot this week thanks to an impressive 18-goal season with ...