When it was announced in 2023 that the African Union would become a full member of the G20, I darkly joked on a podcast that the AU’s entry into the body could very well mark the moment the G20 lost its status as one of the most important global coordination forums. Mark my words, I said, soon The Economist will be like “Uhhh, the G20 is OVER – it’s the ...
Day: November 12, 2020
Related Posts
New Short Doc Showcases Black Lives in China
A compelling new mini-documentary, produced by the Beijing-based independent production company Arrow Factory, provides a rare glimpse into the lives of China's diverse Black community. A half-dozen expatriates share their personal experiences of what it was like to move to China, ...
Construction Begins on New Chinese-Financed Vocational Campus in an Important Congolese Cobalt Mining City
The Chinese embassy in Kinshasa announced that construction will begin soon on a new vocational education campus in Kowlezi, the capital of the southern Lualaba province in the Democratic Republic of the Congo. The new 15,000 square ...
New Chinese-Made Wing Loong II Attack Drones Arrive in Nigeria
The Nigerian Air Force (NAF) marked the arrival this week of a pair of Wing Loong II attack drones from China. The Wing Loong II is among China's most sophisticated unmanned combat aerial vehicles, and can remain airborne between 26 and 31 hours. ...
Latest World Bank Debt Report Prompts Renewed Concern About Kenya, Ethiopia
Journalists and analyst have been poring through the World Bank's latest report on global debt that was published last month. Two African countries in particular, Kenya and Ethiopia, stand out. The report examined external debt accumulation among ...
It’s Eerily Quiet 24 Hours Before Zambia’s Bondholders Reveal Their Decision on Whether to Restructure the Country’s Debt
The Zambia External Bondholder Committee, a coalition of private creditors that own around 40% of Zambia's Eurobond debt, is expected to announce tomorrow whether they will approve the government's request for a six-month repayment delay on $3 billion of Eurobond notes. ...
What To Do About the Lack of Chinese Loan Transparency in Africa?
One of the central issues in the current Zambian debt crisis is a lack of transparency that makes it largely impossible for investors, policymakers, and constituents on all sides to know what's really going on. The Chinese government and creditors are among the worst in this regard. ...