Day: August 30, 2021

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The DR Congo Government Now Has Sicomines in its Sights as the Investigation Into Chinese Mining Contracts Advances

The Congolese government started its review of Chinese mining contracts trying to land a big fish, by launching a commission to investigate China Molybdenum's massive Tenke Fungurume (TFM) cobalt and copper mine in southern Lualaba Province. Now, the government ...

China’s Ambassador to the DRC Tries to Calm Tensions in Meeting With Mining Minister

Chinese ambassador to the DR Congo, Zhu Jing, paid a visit on Friday to Minister of Mines N'samba Kalambayi in an effort to calm rising tensions over videos depicting abuse of local employees, illegal mining activity and environmental ...

In Characteristically Bombastic Fashion, PRC Embassy Says Chinese Companies in the DRC Are the Victims of “Rumors and Slander”

The Chinese embassy in Kinshasa rallied to the defense of its embattled mining companies in the DRC, blaming recent controversies on "individuals who have fabricated stories and spread false information to attack and denigrate, without scruple and without any foundation, Chinese companies to incite hostility."

Zambia’s New Finance Minister Says a Deal With the IMF is Key, Avoids Any Mention of Chinese Debt

Zambia's newly-named finance minister Situmbeko Musokotwane said he's going to prioritize closing a restructuring deal with the International Monetary Fund because it would give creditors confidence and the government cheaper and longer-term financing. Musokotwane was appointed on Friday (the second ...

MSA Capital is the Chinese VC Firm to Watch When it Comes to Investing in African Start-Ups

Announcing yet another early-stage Africa-focused company being backed by the Beijing-based MSA Capital is becoming a monthly ritual. African mobile money start-up PawaPay is the latest to attract MSA Capital financing as part of a $9 million seed round.

Analysis from Cobus van Staden

China-Led Study Proposes Global Energy Network

A globally connected network of solar and wind energy could provide three times the global energy demand by 2050 at a lower cost than independent national power systems. This is the finding of a study led by the Chinese Academy of Sciences in collaboration with researchers from the United States and Denmark.

The study focused on how areas with high solar and wind capacity (such as deserts) can be linked to ...

The African Union Is the Latest International Organization to Receive COVID-19 Donations From China

The African Union Union Commissioner for Political Affairs, Bankole Adeoye, took delivery late last week of a batch of 15,000 doses of Sinopharm vaccines donated by the Chinese government. Chen Xufeng, the chargé d'affaires at the Chinese mission to the AU, said the vaccines were intended ...

Uganda Set to Receive More Chinese COVID Vaccines

Chinese ambassador Zhang Lizhong and Ugandan Vice President Jessica Alupo announced on Friday that China would provide a second shipment of 300,000 vaccines. It's not clear from the announcement if the vaccines will be sold or donated. The first batch delivered in July was delivered ...

Q&A: Why Now? The Domestic Politics Driving the DRC’s Review of Chinese Mining Contracts

Congolese President Félix Tshisekedi is fulfilling the promise he made last May to investigate foreign mining contracts to ensure they are fair and equitable. While the President did not single out the Chinese specifically, they're no doubt going to be disproportionately impacted given their outsized role in ...