Day: October 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 pedestrian reads a sign at a petrol station in Tacloban City, Leyte province, central Philippines on March 30, 2026. Photo by MARLON TANO / AFP
In response to Iran’s partial closure of the Strait of Hormuz, the United States has begun implementing a counter-blockade—leveraging naval patrols, sanctions enforcement, and selective interdictions to constrain Iranian oil exports and raise the costs of Tehran’s strategy. Rather than restoring stability, however, this tit-for-tat dynamic is accelerating fragmentation in global ...
WHO’s Call for Some Recipients of Chinese Vaccines to Get Booster Shots Will Further Complicate Africa’s Battle Against COVID
A World Health Organization panel of experts is recommending individuals 60 years and older who received injections of Chinese-made vaccines from either Sinopharm or Sinovac to get a booster shot. The new guidance from ...
Low-Income Country Debt Now Closing In on a Trillion Dollars, Activists Blame G20 States For Ignoring the Problem
Borrowing among the world's poorest countries jumped 12% last year pushing up the total amount owed to a record $860 billion, according to a new report released on Tuesday by the World Bank. Not surprisingly, World Bank economists ...
Chinese-Owned African Pay-TV Giant StarTimes Launches New Propaganda Show
The Beijing-based African pay-TV operator StarTimes launched a new program on Monday that appears aimed at bolstering official Chinese government messaging on the continent in the run-up to the Forum on China-Africa Cooperation summit that will take place soon in Dakar, Senegal.
How a Port Expansion in a Tiny, Self-Declared African Country Reverberates Around the World
One of the key discussions in the run-up to the Forum on China-Africa Cooperation summit is whether China is stepping away from funding large-scale infrastructure projects like roads and ports. So it was particularly interesting to see the announcement this week of ...
Why Zambia is An Outlier Among African Countries That Owe Money to China
Zambia owes at least 18 Chinese creditors $6.6 billion, nearly twice as much as previously stated, according to a new report published by the China-Africa Research Initiative (CARI) at Johns Hopkins University. And that figure may be even higher as it ...