Day: August 19, 2021

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With Smaller, Targeted Loans, China Deploys New Development Finance Strategy in Africa

The huge state-owned power construction company China Three Gorges Corporation (CTG) signed a small $31.22 million contract last week to upgrade a pair of substations outside of the Ghanaian capital Accra. For a company as large as CTG a deal like this is financially insignificant, but it ...

G7’s Global Infrastructure Initiative Will Have to Contend With China’s Massive Lead in Africa

The recent announcement of an initiative to rival China’s Belt and Road Initiative (BRI) has generated a lot of debate among scholars and policyholders trying to understand its feasibility, particularly in Africa. What is not in doubt is that the G7’s Build Back Better World (B3W) plan ...

China’s EV Battery Industry Headed in Two Seemingly Opposite Directions

Chinese chemicals manufacturer Jiangsu Lopal Tech announced a new joint venture with a Chinese fertiliser company to build a new factory to manufacture materials for use in lithium iron phosphate (LFP) batteries that are used to power electric cars. When fully operational, the new plant ...

China’s Ambassador to DRC Calls on Interior Minister To Personally Get Involved in the Search For Three Kidnapped Chinese Nationals

Chinese ambassador to the Democratic Republic of the Congo, Zhu Jing, called on Interior and Security Minister Daniel Aselo Okito Koy on Tuesday to personally intervene in the search for three Chinese nationals who went missing last week and are presumed to have been kidnapped ...

Up and Coming Leader in Namibia’s Ruling Party is Now Studying Political Science at Peking University

Armas Amukwiyu, a rising star in Namibia's ruling SWAPO party took some time off from his day job doing political organizing in the northern Oshikoto region to go to Beijing to study politics at China's most prestigious university. Amukwiyu is in Beijing now ...

Analysis from Cobus van Staden

Plugging into African Agency

After several years of declining funding, the African end of the Belt and Road Initiative seems to be roaring back. The newest Griffith University/Green Development Finance Center data on the Belt and Road Initiative shows that engagement with Africa jumped by 395%, while a few big projects boosted engagement in Nigeria alone more than twelvefold.

These shifts indicate a window of opportunity for African electrification. 60% of Africans still lack ...