Day: March 2, 2022
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The China-Pakistan Economic Corridor 2.0 — A New Risk Management Strategy
By Saniya Kulkarni With all eyes on Beijing’s response to the ongoing protests in China, it appears Pakistani Prime Minister Shehbaz Sharif is making headway in mitigating growing unrest in the southwestern province of Balochistan. The resource-rich region is home to ...
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Why It Isn’t China’s Fault Its Trade With Africa Is So Distorted
China is forecast to break another trade record with Africa this year, potentially even crossing the $300 billion barrier. While that sounds great, the big number masks a distorted trading relationship that is mostly concentrated in extractives among a small handful ...
WEEK IN REVIEW: Saudi Arabia to Mark Chinese President Xi Jinping’s State Visit Next Week With a China-Arab Summit
Saudi Arabia will mark Chinese President Xi Jinping’s state visit from 7 to 9 December with a China-Arab summit, according to Saudi diplomats. Invitations to Middle Eastern and North African leaders have reportedly already gone out. The summit will come at a delicate moment in U.S.-Saudi relations, which ...
Three African Countries Sign Canadian-led Joint Statement on Human Rights in Xinjiang
The bitter debate over human rights in Xinjiang flared anew this week at the United Nations when Canada's UN ambassador Bob Rae read a joint statement on behalf of 50 countries at a meeting of the General Assembly’s human rights committee. The joint ...
China Harbour Completes Construction of West Africa’s Largest Deep Water Port in Nigeria
The state-owned China Harbour Engineering Company completed construction of the $1.5 billion Lekki Deep Sea Port near Lagos and officially handed over the facility to its Nigerian partners. Lagos State Governor, Babajide Sanwo-Olu, said the new port will generate 200,000 jobs ...
File image of a worker cleaning solar panels installed on the roof of the traditional Gedhe market in Klaten, Central Java. China’s $180 billion clean tech push is reshaping the Global South, with Indonesia a key test of who controls new green industries. (Photo: DEVI RAHMAN / AFP)
By Cobus van Staden, CGSP Head of Research Remember “no blood for oil”? Decades ago, the slogan emblematized opposition to the U.S. invasion of Iraq. Its logic subsequently shifted as the United States experienced a gas and oil revolution thanks to fracking.
Is China’s Lending Particularly “Aggressive”?
Amid the ongoing crisis in Ukraine and the bleakest prognosis on climate change yet, you may have missed the ongoing saga of Uganda’s Entebbe Airport. A quick recap: Uganda loaned $325 million from China Exim Bank to upgrade the airport. ...
Kenya’s Weakening Currency is Pushing Up the Cost of Imports and Debt Servicing Costs
The Kenyan shilling is rapidly devaluing against the dollar, breaking a record low of 114 this week and prompting fears that a potentially dangerous economic cycle is gaining momentum. There's growing concern that Kenya is spending more and more ...
Uganda’s Entebbe Contract is Aggressive, But Is It Unique?
Media coverage of the Uganda Entebbe Airport loan is focusing on what the research lead Bradley Parks has called China Exim Bank's "aggressive" loan tactics. Parks' unit at AidData showed that the Entebbe airport won't be seized in the case of ...
Equatorial Guinea’s New Cooperation Agreement with China Could be Sending a Message
Equatorial Guinea and China signed an agreement on Tuesday to promote development cooperation between the two countries. Usually, this kind of announcement doesn't draw much attention. But this one is sure to raise eyebrows in Washington because of ongoing rumors that China is planning to ...
Oil, Terrorism High on the Agenda During Chinese Ambassador’s Meeting With Nigerien President
China's ambassador to Niger Jiang Feng met this week with President Mohamed Bazoum for talks about Monday's release of two Chinese gold miners who had been held captive for the past nine months and the new 1,950 km Niger-Benin pipeline that Chinese ...
China’s New Special Envoy to the Horn of Africa Meets Regional Ambassadors
Ethiopia's ambassador to China, Teshome Toga Chanaka, hosted a lunch of Horn of Africa ambassadors at Ethiopia House in Beijing. Also invited was Xue Bing, China's new Special Envoy to the Horn of Africa, and Wu Peng, the PRC's top diplomat to Africa. ...
Museveni’s “OK Boomer” View of World Politics
Uganda President Yoweri Museveni's office published a quote from the septuagenarian leader that revealed an outdated view of world affairs where major global powers have what he terms "centers of gravity." While it's not entirely clear what he meant by "USA for ...