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Day: March 1, 2022

China Opens Door to B3W Cooperation

Chinese Foreign Minister Wang Yi surprised commentators on Monday by saying that China might be willing to cooperate on the United States-led Build Back Better World (B3W) initiative. Wang was speaking at a ceremony commemorating the fiftieth anniversary of the Shanghai Communiqué, the Nixon-era agreement which normalized U.S.-China relations. ...

DRC Court Temporarily Halts China Molybdenum’s Control Over Massive Tenke Fungurume Cobalt Mine

A court in the Democratic Republic of Congo on Monday temporarily took away the control of the world’s second-biggest cobalt and copper mine from its Chinese owner. It appointed a temporary administrator to run the Tenke Fungurume mine for six months, sidelining the Chinese mining giant China ...

Sino-European Competition for Influence in Africa

It's only been a few weeks since the Europe-Africa summit in Brussels, EU where officials unveiled a huge €150 billion development package for Africa that aimed to convey a two-part message: 1) We're ready to engage Africa and 2) we're not going to cede further ...

How Effective is China’s Foreign Aid? The IMF Takes a Look

While China's financing to the Global South has reshaped international development, many misconceptions exist about the nature of this funding.  While China is a major funder of infrastructure, experts on international development have pointed out that it is not ...

Entebbe Airport Clarification Draws Lackluster Media Response

Last December, the Daily Monitor in Uganda unleashed a firestorm with an article claiming that the Entebbe International Airport was in danger of being seized as collateral for an unpaid Chinese loan. The story was poorly-sourced and ill-informed (for example, the loan in question wasn’t out of its ...

Analysis from Cobus van Staden

Argentina Scores $924 Million in Deals from China

Argentina’s Economy Minister Sergio Massa managed to secure almost a billion dollars‘ worth of investment deals on the first leg of his trip to China.
He is on an economic rescue mission, with talks expected to renew and extend a currency swap agreement in order to infuse much-needed foreign money into the Argentinian economy.

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China’s Ambassador to Zimbabwe Claps Back at Civil Society Campaign

Zimbabwe’s state-owned Sunday Mail this week published a fawning interview with the Chinese ambassador Guo Shaochun, about the current fight between Chinese companies (aligned with the embassy and Zimbabwe’s ZANU-PF government) and a consortium of civil society organizations, about the environmental and social impacts ...

The Shanghai Model: A Potential Solution for Debt Distressed Countries?

By Ying Qian At this year’s first G20 Finance Ministers and Central Bank Governors Meeting in Jakarta, Indonesia, members issued a communiqué highlighting the unevenness of the global economic recovery from the COVID-19 pandemic. Among many factors, debt distress and increased commodity ...

The China Moly Court Ruling in the DRC Shows That Tshisekedi is Still in Charge, Says Mining Expert

The decision by a commercial court in the southern DR Congo city of Lubumbashi to temporarily suspend China Molybdenum's (China Moly) management of the enormous Tenke Fungurume copper and cobalt mine (TFM) is the latest twist in an almost-year battle between the government and ...