Day: January 21, 2021
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We Now Know More About Zambia’s Debt… And It’s Not Good
The Zambian government owes creditors close to $27 billion, according to new data released by the Finance Ministry on Wednesday. The majority of those debts, $16.86 billion, are owed to foreign creditors and also include half a billion dollars of penalties for late payments. ...
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Ghana Points to Difficulties Ahead For African Governments’ Access to Capital
The premiums that investors are charging Ghana to buy its debt have surged six-fold to the highest levels since the beginning of the pandemic, making it a lot more expensive for the country to borrow money from global capital markets. The ...
China’s African Union Ambassador Previews Some of the Themes That Will be Raised at the Upcoming FOCAC Summit
China's mission to the African Union hosted an online forum on Wednesday where Ambassador Li Yuxi previewed some of the themes, albeit not in any great detail, that will be raised at the upcoming Forum on China-Africa Cooperation summit that is expected to take place at the ...
Leading China-Africa Experts Preview the Key Themes That Will Likely Dominate This Year’s FOCAC Summit
The eighth iteration of the Forum on China-Africa Cooperation in Senegal reflects the broadening of the relationship to include economic, cultural, security, technological, and health cooperation at a time when Africa becomes more diplomatically important for a post-COVID China. While any ...
It’s Back to Business For Chinese Contractors in the DR Congo
Municipal authorities in the Congolese capital Kinshasa announced that Chinese construction major Sinohydro will be among the lead contractors to refurbish a 75-kilometer section of the city's decrepit rail line. Governor Gentiny Ngobila hosted a ceremony in City Hall (photo) on Tuesday ...
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A man uses his smartphone as a giant screen broadcasts news showing Chinese President Xi Jinping shaking hands with Cheng Li-wun, chairperson of the Kuomintang (KMT), Taiwan's largest opposition party at the Great Hall of the People in Beijing, China, April 10, 2026. REUTERS/Maxim Shemetov
By Peter Apps As U.S. Vice President JD Vance returned to Washington last weekend after unsuccessful peace talks in Pakistan over the crisis in the Gulf, China’s Foreign Ministry was preparing for a bumper slate of visitors, including Russian Foreign Minister Sergei Lavrov and the leaders ...
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 ...