Day: February 10, 2022
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China Will “Strongly Support” Climate Compensation, But Not With Actual Money
China will support a mechanism to compensate poor countries for the loss and damage associated with climate change, but it won’t contribute any cash. That was the main takeaway from a press conference by Xie Zhenhua, China’s chief delegate to the COP27 climate summit ...
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The China-Shaped Hole in Natural Gas Financing
The role of natural gas in African green transitions has become a flashpoint as Europe tries to maximize its own access to African natural gas while also discouraging African countries from factoring it into their own development plans. New research from Boston University’s Global ...
China-Linked Group Will Run Angolan Transport Corridor
The Angolan government has signed a $450 million agreement with the Portuguese infrastructure group Mota-Engil to run rail and logistics in the Lobito Transport Corridor, which connects Lobito Port to the mining zone in the southern Democratic Republic of Congo.
Kenya’s Supreme Court to Weigh In on SGR Contract
Kenya’s Supreme Court will rule on the legality of the country’s Standard Gauge Railway contract. Opponents say the contract being awarded to China Road and Bridge Corp contravened Kenya’s competitive tender rules. The ruling will ...
China Cuts Import Tariffs for Ten Poor Countries
China will cut tariffs on 98% of taxable imports from ten low-income countries. 8,786 different products from Afghanistan, Benin, Burkina Faso, Guinea-Bissau, Lesotho, Malawi, Sao Tome and Principe, Tanzania, Uganda, and Zambia will be zero-rated from December 1.
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 ...
EU Chief Unveils First Global Gateway Projects in Africa
It's official! The European Union's answer to China's Belt and Road Initiative is now a reality. European Commission President Ursula von der Leyen unveiled the first initiatives under the EU's new Global Gateway program during a two-day visit to Morocco and ...
Report: China Financed More Infrastructure in Africa Than All of the World’s Major Donors… Combined
It's been obvious in recent years that China has provided far more financing for African infrastructure development than any other country or multilateral development finance institution (DFI). Now, however, for the first time, we know how much more... and it's a lot.
China May No Longer Finance Large-Scale Railways in Africa, But It’s Still a Big Player in the Industry
China is not financing the construction of Tanzania's new Standard Gauge Railway line but it is nonetheless playing a big role in its development. On Tuesday, Tanzania Railway Corporation officials signed a $127.2 million deal with the Chinese rail car manufacturing giant CRRC International for ...
Ethiopia’s Ambassador to China Stops by the China Africa Development Fund HQ in Beijing
Chinese infrastructure financing in Africa may be down sharply compared to a few years ago, but it hasn't stopped altogether. That might explain why Ethiopia's envoy to China, Teshome Toga, paid a visit to the offices of the China Africa Development Fund (CADF) to discuss infrastructure investment ...
China Fumes While Taiwan and Somaliland Officials Bump Elbows
It's been a busy two days for a ministerial delegation from Somaliland, who are in Taiwan for the week. Soon after they arrived, Foreign Minister Essa Kayd Mohamoud met with President Tsai Ing-wen. Later on Wednesday, the group traversed the short distance across 2/28 Peace Park to ...
Another African EV Start-Up Using Chinese Technology Gets Seed Funding
Kenya-based EV start-up BasiGo closed a $4.3 million seed funding round to assemble and sell electric-powered buses. The company plans to supply more than 1,000 mass transit electric buses to operators throughout Kenya over the next five years. Those buses, incidentally, will all be supplied ...
The U.S. and Europe May No Longer Want Confucius Institutes, But That is Not the Case in Africa
The Chinese language and cultural centers known as Confucius Institutes long fell out of favor in the United States and Europe, where critics accused the Chinese government-backed initiative of being a vector for propaganda. That is not the ...
Building the Infrastructure African Residents Deserve
Over a recent holiday season, I made a trip to the western region of Sichuan province in China. It is at the eastern edge of the Tibetan Plateau and the Hengduan Mountains, with a ground elevation of 4,000-4,500 meters, slightly above Kilimanjaro’s Shira Mountains (3800 meters). That ...