Day: October 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. ...

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 ...

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 ...

China Hawk Peter Pham is America’s Most Visible Spokesman on Africa And He Doesn’t Even Work For the Government

There are few figures in Washington's Africa policy circles who are as outspoken as Peter Pham, the Trump administration's former special envoy to the Great Lakes region and, for a brief stint, the special envoy to the Sahel. ...

Energy Think Tank Head Proposes 3 Ways China Can Help to Develop Africa’s Next Generation Power Market

Representatives from eight African countries met with leaders from China's oil and gas industry along with prominent think tank analysts to discuss China-Africa energy cooperation issues in a sideline conference to the Second Belt and Road Ministerial forum on energy trade and investment.

Rwanda’s Ambassador is Solidly in China’s Corner

There's often a huge discrepancy between the complex discourse about China that takes place in most African countries and the unabashedly enthusiastic embrace of China and the Communist Party that's expressed by a number of African ambassadors in Beijing. Few are ...