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Day: August 24, 2021

African Oil Exports to China Plunge in July

China's crude oil imports from Africa fell sharply last month with demand expected to remain flat through the third quarter. Overall, shipments from African exporting countries fell 5.1% from June and but plummeted 41.5% compared to the same time last year. ...

Ethiopia Moves to Restructure SOE Debt, No Word Though On China Loans

The Ethiopian Ministry of Finance (MOF) is bundling together the debts of six of its largest state-owned enterprises and will transfer the liability for these debts from the firms to the MOF itself. No mention, though, was made at 

China Begins to Distribute More Vaccines Beyond MENA to Sub-Saharan African Countries

China shipped 1.9 million doses of COVID-19 vaccines to African countries last week, with total deliveries across the continent now at 53.9 million, according to the latest Vaccine Tracker Report data from the Beijing-based health advisory firm Bridge Consulting.

WeChat Currency Scams Are Widespread Within the Chinese Expat Population in Africa

Last week we told you about how Chinese expatriates in Ghana were getting scammed by fraudsters posing as currency exchange dealers on WeChat. Now, victims of similar schemes from the Chinese diaspora in other African countries are gathering on various WeChat forums to share how ...

Ethiopia Seeks to Follow China’s Example By Creating Its Own Social Media Apps as Alternatives to Facebook and Twitter

China's nationalist model of cyber sovereignty received another endorsement in Africa on Monday when Ethiopian officials unveiled new ambitions to "replace" U.S.-made social media and communications apps with local versions that can be regulated and censored.

Analysis from Cobus van Staden

Argentina Scores $924 Million in Deals from China

Argentina’s Economy Minister Sergio Massa managed to secure almost a billion dollars‘ worth of investment deals on the first leg of his trip to China.
He is on an economic rescue mission, with talks expected to renew and extend a currency swap agreement in order to infuse much-needed foreign money into the Argentinian economy.

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Nigeria-Based, Chinese-Backed Mobile Money Platform OPay Raises $400 Million From Softbank-Led Round

The Nigeria-based, Chinese-owned mobile payment platform OPay closed its latest funding round with $400 million of new investment in a deal that values the company at an impressive $2 billion. This latest fundraising round marks was led by Japanese ...

Global Leadership Stories

The United States’s hurried withdrawal from Afghanistan revealed the messy space where the discourse about international leadership meets leadership on the ground. Even as many are criticizing the role that various Western fantasies of nation-building/democratization/containment/management have played in the debacle, it’s still unclear what a Western reckoning ...