Day: April 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 ...
An Iranian flag is placed amids rubble and debris next to a destroyed residential building near Ferdowsi square in Tehran on March 3, 2026. Photo by ATTA KENARE / AFP
Immediately after the U.S. and Israeli bombardment campaign against Iran began, some have claimed that the war was “all about China.” Others have been more cautious, arguing it shows the limits of China’s relationship with Iran and its regional diplomacy. Jonathan Fulton rightly points out that the war “is not about ...
What’s at Stake for China in Chad Following the Unexpected Death of President Idriss Deby?
News that Mahamat Kaka, son of late Chadian President Idriss Deby who was killed on Monday in fighting near the Libyan border, has been named interim leader will likely be well received at the headquarters of the China National Petroleum Corporation (CNPC) in Beijing. ...
China’s Top Economic Planning Agency Issued a Report About the BRI That Policymakers in Africa and Elsewhere in the Global South Should Read Carefully
The National Development and Reform Commission (NRDC), China's top economic planning agency, published a new report on Tuesday, according to the South China Morning Post newspaper, that detailed some of the key challenges confronting Beijing's new 5-year plan, with a particular focus on infrastructure development ...
Egypt is All-In on Chinese Vaccines With 20 Million New Jabs on the Way And a New Production Deal Set to Start
The Egyptian government is placing a massive bet that Chinese vaccines will open a path out of the pandemic. The Health Ministry on Tuesday announced a deal to purchase an additional 20 million doses from Sinopharm with the first shipments expected to arrive later this ...
How Does Sinovac’s Efficacy Rate Compare to Other COVID-19 Vaccines?
For the past two weeks, we've been discussing the efficacy rates of Chinese vaccines compared to those from other countries and a number of readers have asked for comparative data to measure how jabs from the likes of Sinovac perform against AstraZeneca's in particular.
Demand for EV Battery Materials is Surging Putting Renewed Focus on Where These Strategic Resources Come From and China’s Role in Processing Them
With new electric-powered sports cars like Ford's Mach-E and Audi's e-tron Quattro selling well, demand is surging for the strategic minerals and metals that are used to make the batteries in those vehicles. Sales of lithium, cobalt, nickel, and graphite
The Road to a Clean Energy Future Runs Through the Democratic Republic of the Congo
The former President of the National Assembly of the Democratic Republic of Congo, Jeanine Mabunda Lioko, wrote an impassioned appeal for the world to recognize the important contribution that the DRC will make to the world as it moves into the post-carbon era, largely from the use of DRC-mined ...