Day: February 9, 2021
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China Stands Apart From Kenya’s Other Bilateral Creditors in Requiring Full Debt Repayment
While Japan, France, and Kenya's other major bilateral creditors are all giving Nairobi some breathing room during the ongoing pandemic in the form of reduced debt servicing payments, that is not the case with China. Last quarter, the Treasury transferred $266 million to Chinese creditors, mostly to ...
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As the Nairobi Expressway Nears Completion, New Concerns That It Will be Just a “Road for the Rich”
The Kenya National Highways Authority (KeHNA) is trying to reassure the capital's beleaguered motorists that the nightmare traffic congestion caused by construction of the 27-kilometer Nairobi Expressway will soon be over. KeHNA officials said this week that the work is now 70% complete and China ...
No One’s Really Sure What to Make of China’s FOCAC Financial Pledge
One of the key takeaways from the recent Forum on China-Africa Cooperation (FOCAC) conference that took place in Dakar last month is that, unlike previous FOCACs, there's very little consensus over whether the event signaled that China's backing away from Africa or deepening its commitment to the ...
UN Warns Supply Chain Disruptions Will Hit Consumers Hard Next Year, Especially in Developing Countries
With shipping containers in critically short supply, the cost of sending goods from China to South Africa has surged from $1,000 a container to $8,000. It's a similar story in Southeast Asia, where container prices have tripled to $3,000 each.
First Trucks Roll Off the Assembly Line at a New Chinese-Backed Assembly Facility in Uganda
Chinese and Ugandan officials were on hand Wednesday to watch the first truck manufactured by the Uganda Automotive Group (UAG) roll off the assembly at the Namanve Industrial Park in central Uganda. The new factory is a partnership between UAG and China's ...
Aerial view of heavy air pollution from nickel processing industries covering the Weda Bay area on Halmahera Island, North Maluku, Indonesia, August 2024. (CGSP / Mas Agung Wilis Yudha Baskoro)
By Joan Aurelia In July 2024, then-president Joko Widodo said Indonesia must “become a global player in the EV supply chain.” He was speaking at the inauguration of a Hyundai EV and battery factory in Karawang, West Java, where government officials declared the country’s commitment to ...
The China-Africa Vaccine Air Bridge is Open
A specially modified Ethiopian Airlines jet landed in Addis Ababa on Saturday from Beijing marking the beginning of the new air bridge linking China and Africa to deliver millions of doses of COVID-19 vaccines. The vaccine shipment on this particular flight transited through ...
Nigerian Foreign Minister Geoffrey Onyeama: “We Will Need China For Vaccines”
Nigerian Foreign Minister Geoffrey Onyeama confirmed on Friday that talks are underway with China to secure large quantities of COVID-19 vaccines. Until recently Nigeria has fared relatively well in terms of infections but now it appears that new variants of the virus are spreading faster. ...
Ramaphosa’s Latest Call For the IMF to Issue New Funds Likely to Become Snared in U.S.-China Dispute
Speaking in both his capacity as the outgoing chair of the African Union and the President of South Africa, Cyril Ramaphosa renewed his calls for urgent action by the International Monetary Fund to provide funds to developing countries by issuing new Special Drawing Rights (SDRs).
Debunking the U.S.-Led “Chinese Debt Trap” Narrative… Again
Acclaimed China-Africa scholar Deborah Bräutigam together with Harvard Business School professor Meg Rithmire published a detailed takedown in The Atlantic magazine of the U.S.-led "debt trap" narrative that remains a bedrock belief among large swathes of official Washington. The two ...
Why Was Xiaomei Havard Appointed as a Replacement MP in South Africa Given That She Has No Political Experience?
Although the overt racist and xenophobic reactions following last month's appointment by South Africa's ruling African National Congress of Xiaomei Havard as a replacement member of parliament have largely died down, many party members are now wondering how someone with no previous political experience or other relevant ...
China’s Winning the Vaccine Optics Battle
68 days is all it took for Ethiopian Airlines and Alibaba's logistics division Cainiao to build a new air bridge between China and Africa that will ferry vaccines through distribution hubs in Addis Ababa and Dubai. The first flight landed on ...
China & The Geopolitics of COVID Vaccines in Africa
COVID-19 vaccines are finally starting to make their way to the world's poorest countries as production of Chinese, Russian and Indian jabs ramps up. But it's the large-scale distribution of Chinese vaccines that's causing a lot of people around the world, ...