Day: October 21, 2020

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Zambia Gets an Unexpected Reprieve From Bondholders, But Serious Concerns About the Country’s Debts to China Persist

Zambia's private creditors gave the embattled country an additional three weeks to come up with a plan on how to resolve its burgeoning debt crisis. A group of bondholders would have voted yesterday on whether to accept the finance ministry's request for a 6-month repayment ...

China Finally Commits To “Equal Treatment” for All Zambian Creditors. But Why Did It Take Them So Long to Say So?

China's top diplomat for sub-Saharan Africa, Wu Peng, took to his new Twitter account at 8pm local time yesterday in Beijing, to reassure investors and other Zambian stakeholders that the Chinese government supports the principle of "equal treatment" for all creditors. ...

South Africa’s Largest Mobile Telcos Brush Aside U.S. Concerns About Huawei 5G Equipment

Three of South Africa's largest mobile operators do not seem that concerned by U.S. efforts to discourage companies and countries around the world from using equipment made by the Chinese telecom giant Huawei. The companies, Vodacom, MTN, and Rain, all said they're comfortable integrating ...

A Rare China-Africa News Interview on Mainstream U.S. Media

It's downright rare that a mainstream U.S. media outlet like CBS covers China-Africa related issues, especially in the run-up to a presidential election. Yesterday, though, the network ran an interview with Grant Harris, CEO of the political risk advisory firm Connect Frontier, who served as a special ...

China’s Bumbling Debt Communications Hurts Africa

Even though China is a central actor in the burgeoning African debt crisis, it's often hard to tell. Chinese stakeholders in this unfolding drama are notoriously silent when it comes to communicating their positions and signaling to the markets and other governments as to what their intentions ...

Analysis from Cobus van Staden

The Pain of Un-Polarity

“THE G2 WILL BE CONVENING SHORTLY!”
This post by U.S. President Donald Trump in the run-up to his meeting with Chinese President Xi Jinping last week may end up leaving a more lasting mark than the actual summit he attended.

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Laos and the Chinese Debt Crisis in Africa

The small, impoverished landlocked Southeast Asian nation of Laos is a focal point of China's ambitious Belt and Road Initiative and also emerging a case study in how Beijing is handling a burgeoning debt crisis in the country. ...