Day: January 4, 2022
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WEEK IN REVIEW: Canada To Become Newest Member of the U.S.-Led Indo-Pacific Economic Framework (IPEF)
Canada will become the newest member of the U.S.-led Indo-Pacific Economic Framework (IPEF), a loose group of Asia-Pacific countries ostensibly aimed at countering China. Foreign Minister Melanie Joly said the move is part of a new Canadian initiative to "deepen engagement with the U.S.” in the Asia-Pacific region. ...
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All Portuguese-speaking Countries Move Up in Chinese Infrastructure Development Index
All eight of the world's Portuguese-speaking edged higher in a key Chinese infrastructure development index that assesses the investment climate in 71 countries around the world. Brazil, Angola, and Portugal were the highest ranked Lusophone states in the 2022 "One Belt, ...
Sicomines’ Expat Staff in the DRC Mark China’s National Day With a Patriotic Song Competition
230 expatriate staff members from the Congolese joint venture mining giant Sicomines gathered over the weekend in the Congolese mining city of Kolwezi to celebrate the Chinese National Day holiday with a patriotic song competition. 15 contestants, most dressed in their work uniforms, belted out their renditions ...
What Does Kenya’s SGR Tell Us About the Future of Chinese Railway Development in the Global South
The Chinese-financed Standard Gauge Railway (SGR) in Kenya is one of the flagship projects of the Belt and Road Initiative. But the SGR like other Chinese-sponsored railway projects elsewhere in the Global South also serves as a prime example of the ...
China to the Rescue? China’s Liquidity Finance Should Be Welcomed but Not Gambled With
By Kevin P. Gallagher China is being criticized for stepping up its policy to provide liquidity financing in the form of loans and currency swaps for countries in distress for the wrong reasons. Providing such liquidity shows that China is ...
Indonesia’s plans to develop its rare earth resources face a geopolitical dilemma because the fastest way to process them relies on China’s dominant technology and supply chains, even as the United States and its allies are urging Jakarta to reduce dependence on Beijing. Photo by AFRIADI HIKMAL / NURPHOTO / NURPHOTO VIA AFP
Indonesia sits on a geological treasure trove of rare earth minerals, and the government is eager to tap into the wealth they could bring. While it knows how to find, mine, and sell the highly sought-after critical materials, it confronts a geopolitical dilemma: The only ...
Wang Yi’s Visit and Africa-China Alignment
It has become customary that the Chinese Foreign Minister’s first overseas trip of the new year is to Africa. Just as customary is the annual bout of chin-stroking and speculation among Africa-China watchers about the choice of destinations. This year, the ...
China’s Has Huge Ambitions for International Railway Development, Just Not So Much in Africa Anymore
It used to be that, when a Chinese Foreign Minister made the annual first overseas trip of the year to Africa, as Wang Yi is about to this week, financing railway development would be a top talking point at every stop. ...
East Africa’s New Year’s Resolution: Borrow More Money
Kenya, Tanzania, and Uganda are starting 2022 with an eye on borrowing hundreds of millions of dollars to fund new infrastructure development and to help close the finance gap created by the ongoing COVID-19 pandemic. The Kenyan ...
Unlike Many Other African Currencies, the Zambian Kwacha Had a Great 2021, Buoyed by Hope for a Debt Deal
While currencies like the Kenyan shilling and the Nigerian naira lost value in 2021, the Zambian kwacha enters the new year with some serious momentum. The kwacha surged 27% last year, mostly on the hope that President Hakainde Hichilema will turn around the economy ...
Why This Photo May Indicate That China’s Mining Contracts Problem in the DR Congo Has Been Resolved
DR Congo President Félix Tshisekedi's office published a photo of a Christmas Eve meeting with Sun Ruiwen, president of China Molybdenum (aka "China Moly.") The company controls the massive Tenke Fungurume cobalt and copper mine (TFM) in Lualaba province. Sun reportedly reassured President ...
Ghana Approves Homegrown Smart Cities Solution That Will Use Both Chinese and U.S. Tech
Ghana's National Communications Authority (photo) granted local internet services provider Celltel approval to build the $300 million Ghana Smart Cities Project that will provide national wireless internet coverage. The company said it plans to use a mix of Chinese and U.S. ...
Chinese Vaccines Still Slowly Trickling to Africa, No Uptick in Deliveries Since Xi Speech
Only been five weeks have elapsed since Chinese President Xi Jinping announced China would distribute one billion doses of COVID-19 vaccines to Africa, so it's still a bit early to check for evidence that this new initiative is up and running. ...
Former Ambassador’s Column in Le Monde Highlights the Negative View of “Chinafrique” Among Political & Media Elites in France
Generally speaking, the widely-held narrative among media and political elites in France about the Chinese in Africa is very similar to that in the United States where the Chinese presence on the continent is viewed in decidedly negative terms.