Day: September 13, 2021
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Zambia’s Bondholders Want More Info on IMF Deal, Renew Calls For All Creditors to be Treated the Same
Some of Zambia's bondholders are once again expressing impatience with the government's handling of its debt relief talks and they've gone public with their longstanding demands for greater transparency in the process and equal treatment for all creditors. "Inter-creditor equity should ...
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Incompetence, Inexperience to Blame For China’s Bad Loans in Global South, More Than Any “Plot to Enslave Poor Countries,” Argues Professor
The prominent expert on Chinese finance, Michael Pettis, is the latest scholar to challenge the popular narrative that China engages in predatory lending abroad. Instead, the Peking University professor attributes the surge of Chinese loans to less developed countries on "inexperience" and "bad lending practices."
Kenya Caught in a Potentially Dangerous Loan Repayment Cycle Due to Its SGR Debts to China
There's growing concern that the depreciating value of the Kenyan currency is tied to the country's mounting debt servicing costs to Chinese creditors. Back in July, the Kenyan Treasury began repaying the loans used to build the Standard Gauge Railway after the China Exim Bank refused the ...
China’s Ambassador to Uganda Tried (Again) to Settle the Entebbe Airport Seizure Controversy
The Chinese and Ugandan governments collaborated in what appears to be an effort to jointly refute last month's Daily Monitor story that falsely claimed the Entebbe Airport would be seized by China as part of a debt default. Ambassador Zhang Lizhong led ...
Two Years Late, Lagosians Want to Know Where’s Their New Chinese-Built Airport Terminal
Work on the new international terminal at Murtala Muhammed International Airport in Lagos is almost done. In fact, China Civil Engineering Construction Corporation (CCECC) says it's 95% finished. Yet, the new facility is still not open and that has people in Nigeria's largest city asking what is going ...
A drone view shows a ship and electric and hybrid vehicles manufactured by Chinese automaker BYD at the port of Zarate, Argentina, on January 20, 2026. (Photo by Matias Baglietto/NurPhoto) (Photo by Matías Baglietto / NurPhoto / NurPhoto via AFP)
To international visitors, Bonn—tucked along the Rhine River valley in western Germany—can feel like a time capsule. “Many things never change,” my local hosts told me, gesturing proudly toward the Bonn Minster, the Romanesque church that has anchored the city center since the Middle Ages. After more than two dozen visits ...
Pressure From the Government & IMF Mounting on Chinese Mining Companies in the DRC
DR Congo President Félix Tshisekedi is again turning up the pressure on Chinese mining companies with his drive to re-evaluate mining contracts that were negotiated under his predecessor's tenure. During a Council of Ministers meeting on Friday, ...
Hichilema Calls For Mining Policy Review But Stays Mum on the Chinese
Zambian President Hakainde Hichilema (photo) called for a review of the country's mining policies on Friday in his first address to parliament since he assumed office last month. But for now, he's not proposing a Congolese-style review of foreign ...
One of Those “Only in Djibouti” Days
Djibouti's Chief of the General Staff of the Armies, Lieutenant General Zakaria Cheikh Ibrahim (photo), had a very busy day last Thursday hosting senior naval commanders from both China and the United States for a series of meetings that can only happen in the strategically located country on ...
China-DR Congo Trade Up 97% Compared to Last Year
TWEET TRANSLATION: China-DRC trade totaled $7.76 billion in the first seven months of the year, up 97% year-on-year, and the Congolese side recorded a trade surplus of $4.75 billion. During this period, Chinese companies invested $198 million in the DR Congo.
Hunan Province’s Trade With BRI Countries Jumps 20%
Hunan province is now among the key hubs in China for African trade and increasingly it appears to be positioning itself as a larger BRI trading center. Hunan trade with BRI countries is up 20% year-on-year to $16.5 billion in the January-August period.
Chinese Propaganda Recruits CCP Allies in Kenya’s Ruling Party To Denounce U.S. Claims on COVID Origin
The Chinese Communist Party is turning to its friends in Kenya's ruling Jubilee Party to denounce the U.S.-led accusation that the COVID-19 virus originally leaked from a lab in Wuhan China. Last week, CCTV featured an interview with Jubilee's Secretary-General Raphael Tuju who blasted
China’s Ambassador to Uganda Wants to Show a Different Side of Chinese Labor Relations in Africa
China's recently-arrived ambassador to Uganda, Zhang Lizhong, travelled to the central city of Kapeeka on Sunday to visit factories in the Liaoshen Industrial Park in what appears to be an effort, in part, to convey an alternative narrative to the one that's become popular ...
China and the High Stakes Showdown in the DR Congo
Chinese mining bosses for years played the game as everyone else in the DR Congo. Money pretty much solved every problem. Need a permit? Pay some money. Get in trouble with the law? Pay some money. Under-counting cobalt reserves? Pay some money.
China-Global South Update: Wang Yi Brings Millions in Aid and Vaccines on Four-Nation Asia Tour
Chinese Foreign Minister Wang Yi embarked on a four-nation week-long tour of Southeast Asia on Friday to bolster ties in critical ASEAN states. He will visit Vietnam, Cambodia, and Singapore, and will end the trip in South Korea. On the first ...