Day: June 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 ...
Chile's outgoing President Gabriel Boric greets president-elect Jose Antonio Kast during an army-change-of-command ceremony, where the Commander in Chief of the Army, General Javier Iturriaga hands over the command to General Pedro Varela, in Santiago, Chile, March 9, 2026. REUTERS/Pablo Sanhueza
A political transition is underway in Chile this week. President-elect José Kast will be sworn in on Wednesday, and Chile’s long-standing commercial relationship with China will be put to the test. Just days before the inauguration, a dispute about a Chinese submarine cable project ...
Poverty Alleviation is Becoming an Increasingly Important in China’s Public Diplomacy Messaging In Africa
Lacking the pop culture Europeans and Americans have long relied on to bolster their soft power diplomacy in Africa, China instead uses alternative messaging about its rapid economic development, infrastructure accomplishments, and now domestic poverty alleviation. While the Chinese topics are ...
China’s Distant-Water Fishing and Its Impact in West Africa
In recent years, China’s distant-water fishing (DWF) has expanded rapidly, particularly off the coast of West Africa, attracting the attention of NGOs and the international community. In April 2020, the Chinese government began to implement significantly stricter Regulations on the Management of Distant Water Fisheries. The new ...
25 “Massive” Illegal Chinese Gold Mines Discovered in a Remote Region of Sierra Leone
A group of unknown Chinese entities has reportedly been operating a large-scale illegal gold mining operation in one of the poorest and most remote regions of eastern Sierra Leone, according to an investigative report published in Sunday's edition of the Sierra Leone Telegraph newspaper. ...
Chinese Social Media Uproar Over Allegations of Chinese Illegal Fishing
A massive social media uproar is underway in China over allegations made by leading online (Chinese) influencers and the Beijing-based, European-funded China Dialogue environmental news website that have brought attention to the issue of illegal, unreported, and unregulated (IUU) Chinese fishing around the world.
Africans Inoculated With Sinopharm Blocked From Entering the European Union
Europe is gradually reopening to vaccinated travelers as coronavirus restrictions ease, but in some African nations such as Morocco recipients of jabs not recognized by the EU are facing disappointment. “It seems very much as if a vaccine has become a ...