Day: March 24, 2021
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FOCAC PERSPECTIVES: Relieve the “Pressure Points” in China-Africa Ties By Expanding Trade and People-to-People Ties
Every day leading up to the Forum on China-Africa Cooperation conference on November 29th and 30th, CAP will feature perspectives from journalists, academics, activists, and business leaders about what they hope will emerge from the FOCAC event in Dakar. If you ...
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Letter to the Editor: Contrary to Widespread Misperception, China Has Restructured Some of Its Commercial Loans in Africa
Hi Eric and Cobus, I’m writing to follow up on a statement about Chinese debt relief you made in a recent column: …the fact is that China has canceled some zero-interest loans that only ...
Finally, Some Good News For Kenya’s Embattled Standard Gauge Railway
While Kenya struggles to repay billions of dollars of loans to the China Exim Bank used to build the Standard Gauge Railway (SGR), the government is getting a badly-needed boost from higher cargo and passenger volumes. Kenya Railways this week reported ...
Chinese Mining Companies Move Forward With Two Huge Deals Worth More Than a Billion Dollars in Ghana, DRC
The economic turmoil brought on by the ongoing pandemic has done nothing to stem the appetite of Chinese mining companies looking to expand their presence in Africa. This week alone, Chinese mining giants Zijin and Chifeng Jilong both received approval this week to proceed with deals that total ...
China Ramps Up Criticism of Blinken’s New Africa Policy
China escalated its criticism of U.S. Secretary of State Antony Blinken and Washington's new foreign policy approach towards Africa that downplays Beijing. Whereas the initial reaction to Blinken's three-nation tour emerged on Monday in two columns in the nationalist tabloid Global ...
File image of the Coca Codo Sinclair dam in Ecuador that was financed and built by China. Image via amalavida.tv CC BY 2.0
By Julie Radomski Ten years after the Coca Codo Sinclair hydroelectric dam first came online, the Chinese state-owned construction company Sinohydro Corporation finally turned the project over to the Ecuadorian state last Friday. Yet Ecuador only agreed to accept it under the condition that ...
With Herd Immunity in Sight, U.S. Wants to Challenge China’s Vaccine Distribution Drive in the Global South
There's a newfound sense of optimism in Washington that the United States government is finally well-positioned to begin large-scale COVID-19 vaccine distribution to countries throughout the Global South and challenge Russian and Chinese dominance in the space. At a ...
The Politics of Chinese Vaccine Donations in Africa
The Chinese government insists that politics play no part in its rapidly expanding global vaccine distribution campaign. But when you look at the maps as to where Chinese vaccine sales and donations are heaviest, it just so happens to be in ...
Council on Foreign Relations Report: U.S. “Inaction” and “Withdrawal” Bolstered China’s BRI
A group of scholars at the Council on Foreign Relations in New York published a critical report today that attributes U.S. "inaction" and "withdrawal" for creating a vacuum in the international arena that China filled with its Belt and Road Initiative. The authors detailed how ...
Momentum is Building For the IMF to Issue $650 Billion in New Capital Intended to Help Developing Countries
The International Monetary Fund may issue new Special Drawing Rights (SDR) that would provide $650 billion to its members, the bulk of which is intended to go to the world's poorest countries to help mitigate the impact of the ongoing economic downturn.