Day: January 21, 2021

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Kenya, China Agree to $245 Million Debt Deferral Deal

China and Kenya have agreed to a six-month debt repayment holiday worth $245 million. Treasury Secretary Ukur Yatani announced the deal during a radio interview on Wednesday when he said the deferral "will give us an opportunity and break on the kind of liquidity ...

Brazil is Running Low on Chinese Vaccine Supplies Prompting Concerns Beijing May Be Playing Politics

Brazil is running out of its supply of the Chinese-made CoronaVac COVID-19 vaccines and apparently, Beijing hasn't approved the shipment of ingredients needed to make more. Only 6 million doses out of a 46 million dose order have arrived and those stocks are ...

With the U.S. Likely to Focus Less Attention on China in Africa, Kenya’s Free Trade Deal Now in Question

Outgoing U.S. ambassador to Kenya Kyle McCarter stopped by the State House on Wednesday to meet with President Uhuru Kenyatta (photo). McCarter, a Trump political appointee, will soon be leaving his post now that a new administration has taken power in Washington, D.C. ...

The UK Invests More in Africa Than Either the U.S. or China

British Prime Minister Boris Johnson was among the featured guests at Wednesday's online Africa Investment Conference organized by the UK Department for International Trade. The conference was a follow-up to last year's UK-Africa Investment Summit that took place in London. One ...

“I Can Be 100% Congolese and 100% Chinese” Social Media Star Zhong Feifei Tells Teen Vogue

Chinese-Congolese social media influencer, model, and aspiring pop star Zhong Feifei got a break this week when the hugely popular publication Teen Vogue profiled her and featured a Q&A: TV: You have a mixed ancestry of both Chinese and Congolese, what was ...

Analysis from Cobus van Staden

How to Lure Chinese Financing Back to the Global South: Report

Global South countries face increasing financing pressure, endangering their ability to keep developing while also implementing measures to deal with a growing climate crisis. The disruption of global trade is coupled with a larger megatrend: flows of international capital to the developing world have turned negative. This means that countries are now routinely paying more to service loans than they receive in disbursements.

The vast majority of Global South borrowers ...