Day: May 17, 2021

Related Posts

China Just Gave Kenya Two Luxury Buses and a New Foreign Ministry HQ

Kenya's new Foreign Ministry building will be built and paid for by the Chinese government. Ambassador Zhou Pingjian made the announcement late last week during a visit with Foreign Affairs Principal Secretary Macharia Kamau at the current foreign ministry headquarters in Nairobi. ...

$25 Billion of Deals Signed During Annual Silk Road Forum in China

The Fifth annual Silk Road International Exposition ended on Saturday in the northwestern Chinese city of Xi'an where officials announced that $24.6 billion worth of investment deals were reportedly signed during the five-day event. In all, organizers say 72 ...

“I Have Had Enough!” DRC President Étienne Tshisekedi Hints He’s Ready to Take on Chinese Investors Over Unfair Contracts

DR Congo President Étienne Tshisekedi ventured to the heart of the country's cobalt mining territory to personally deliver a warning to foreign investors (read Chinese) that unfair mining contracts are going to be re-negotiated. On Thursday, the president traveled to the city of Kowlezi in the southern ...

As Chinese Vaccines Exports Continue to Slow, Local Production Around the World Steadily Increases

China is rapidly closing in on 400 million doses of COVID-19 vaccines administered domestically, at a stunning pace of 14 million per day. All those domestic vaccinations means that China has fewer jabs to export abroad. While international shipments have slowed considerably ...

CNN Ran a Story on Big Tech Expanding in Africa That Didn’t Mention a Single Chinese or European Company

CNN International broadcast a report over the weekend purportedly about "how big tech is expanding in Africa" yet the story only mentioned five major U.S. tech companies and not one from either Europe or Asia. This is somewhat odd given that ...

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 ...

The Optics of China Paying For Kenya’s New Foreign Ministry Building Just Looks Awful

Kenya is a middle-income country with a $100 billion economy and it still can't afford to pay for its own $35 million foreign ministry building? Really? They spent $6 billion on a railroad and the government can't figure out a way ...