Day: September 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 ...
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 ...
Our Haunted Moment
Today we’re featuring a fascinating conversation with the Congolese analyst Christian-Geraud Neema Byamungu about recent developments in the Democratic Republic of Congo. In case you haven’t been following this story, the last few weeks saw a flurry of
New Research Reveals Impact of Chinese Overseas Development Finance on the Fragile Ecosystems and Indigenous Populations
Chinese-financed development projects in the Global South are having a profound impact on ecologically sensitive areas, particularly in regions populated by indigenous peoples, according to new research from Boston University's Global Development Policy Center (GDPC). The GDPC research ...
Our Haunted Moment
Today we’re featuring a fascinating conversation with the Congolese analyst Christian-Geraud Neema Byamungu about recent developments in the Democratic Republic of Congo. In case you haven’t been following this story, the last few ...
U.S. Conservatives Are Disappointed The Development Finance Corporation Isn’t Doing More to Confront China
Two prominent analysts at The Heritage Foundation, a conservative think tank in Washington, D.C., contend that the main U.S. development finance agency is not doing enough to "counter" China's growing influence in developing countries. Since it was re-launched in 2019, the ...
Chinese Mining Companies in the DRC Ramp Up Efforts To Showcase Infrastructure Development
Chinese mining companies in the Democratic Republic of the Congo are responding to allegations they haven't fulfilled their obligation to build infrastructure in the country with an increasingly high profile PR effort on social media and in the DRC news media. ...
While Chinese Media Coverage of the Contract Controversy in the DRC Parrots the Party Line, Commentators Have a Different Opinion
The hyper-nationalist online news site Guancha (观察者）is among the few Chinese media outlets that features somewhat regular coverage of the ongoing contract review controversy between Chinese mining companies and the DRC government. While the site's reporting fully aligns with the official ...
The Number of Chinese Diplomatic Missions in Africa That Are on Twitter is Growing
The Chinese embassy in Rwanda is the latest Chinese diplomatic mission in Africa to open a new Twitter account. The Kigali embassy is now the 50th official Twitter account on the continent. Click here ...
Update on the China-DR Congo Mining Contracts Dispute
After months of negative media coverage, Chinese mining companies in the Democratic Republic of the Congo are pushing back against the perception they aren't fulfilling their contractual obligations to provide social services and build infrastructure for the local communities where they ...