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New Research Reveals China’s BRI Riddled With Corruption, Labor Problems and Billions in “Hidden Debts”

Developing countries along China's Belt and Road Initiative (BRI) owe nearly $400 billion in so-called "hidden debts," according to a landmark new study published on Wednesday from AidData researchers at the College of William & Mary in Virginia. These newly discovered ...

Looks Like Latin America Will Be the First Place Where B3W Will Take on China’s BRI

It looks like the U.S.-led Build Back Better World (B3W) initiative that was announced at the G7 summit in Cornwall, England earlier this summer is moving forward and Latin America is going to be the first region where Washington aims to challenge China's Belt and Road Initiative. ...

New Report Examines China’s Expanding Role in Multilateral Development Banks

China is increasingly turning to Multilateral Development Banks (MDBs) to pursue its geopolitical agenda and promote alternate norms of global governance, according to a new report published on Wednesday by the London-based Overseas Development Institute. The report by Chris ...

This Chart Explains Why DRC President Tshisekedi Wants to Renegotiate Those Chinese Mining Contracts

While DR Congo President Félix Tshisekedi has said that he wants to review foreign (mostly Chinese) mining contracts to ensure they're more equitable, he hasn't provided any specific explanation for why he's choosing to do so now. There are many theories ...

DRC Cabinet Tasked to Deliver Report on Sicomines in Two Weeks

The DR Congo's equivalent of the presidential cabinet, the Council of Ministers, has been tasked to create a commission to investigate “major legal, technical and financial problems observed in the collaboration agreement” of the $6 billion Sicomines deal between Congo's state mining company and a consortium of ...

Analysis from Cobus van Staden

Japan-Kenya Loan Deal Shifts Chinese Influence

Japan will reportedly provide about $107 million in bilateral loans to Kenya for port, water, and electricity infrastructure, to be implemented from next week. The deal signals a stronger role for Japan as an external partner to the continent amid G7 anxieties about China’s influence.
The loans will be used to upgrade key infrastructure in Kenya:

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ICBC Launches New China-Africa Currency Center in Hunan

The Industrial and Commercial Bank of China (ICBC) in Hunan province launched a new cross-border China-Africa currency center on Tuesday to facilitate transactions between Chinese yuan and six African currencies including the Kenyan shilling, Nigerian naira, Botswanan pula, Ghanaian sedi, and the Zambian kwacha.

Check Out What Exhibitors Are Selling at This Year’s China-Africa Trade Expo in Hunan

A big part of Chinese trade expos, like the one that's taking place this week in Hunan, is the opportunity to sell stuff... lots and lots of stuff. Thousands of local residents flood the exhibition floor at these fairs to taste ...