Day: June 7, 2021
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China Remains Africa’s Largest Source of FDI and Job Creation, Says EY’s Annual Investment Report
China was the leading source of foreign direct investment in Africa from 2016 to 2020 in terms of both jobs and capital invested, but third behind the United States and France in terms of the number of projects, according to Ernst & Young (EY)'s ...
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A Week After FOCAC, Experts Weigh in with More Nuance
While much of the news coverage in the immediate aftermath of this year's FOCAC focused on the premature calculation that China had reduced its financial pledge by a third, now, a week later, more nuanced analysis from some of the world's leading specialists in the field is ...
The Uganda Airport Story and FOCAC Spark More “Bad Takes” in Both Chinese and African Media
The editors at Nigeria's Punch newspaper are apparently still unaware that the story about Uganda's Entebbe International Airport being seized by China as part of a debt default is not true. If they knew that the rumor had been conclusively debunked, ...
New Report Isn’t Optimistic About Chinese Development of Wind and Solar Power Projects in Africa… At Least For Now
Chinese President Xi Jinping spoke at length last week during his keynote address at the Forum on China-Africa Cooperation conference in Dakar about the need to promote green energy development in Africa. The continent lags far behind the rest of the world in the use ...
With FOCAC Now Over, Chinese FM Wang Yi Turns His Attention to China’s Forum With LatAm and the Caribbean
Within days of the conclusion of the Forum on China-Africa Cooperation in Dakar, Chinese Foreign Minister Wang Yi pivoted to focus on a similar ministerial forum with his counterparts from Latin America and the Caribbean. Wang last Friday chaired the third Ministers' Meeting of the Forum of ...
