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Kenya’s Struggles to Repay China Exim Bank Loan Hint at Wider Troubles

Kenya is struggling to make payments on a $156.7 million Chinese Exim Bank loan that financed Nairobi’s Southern Bypass road. The country’s auditor general, Nancy Gathungu says Kenya now owes the Chinese state bank $31.3 million in delayed payments for the period up to 2021. Kenya’s ...

More than a Quarter of All Debt Servicing Payments by Poor Countries will Go to China this Year

The world’s poorest countries will pay about $52.8 billion in debt servicing costs this year, of which 26% ($13.7 billion) will go to Chinese lenders, according to a new report released on Monday by the Green Finance and Development Center at Fudan University in Shanghai. ...

Nigeria’s Debt is Growing, but China’s Share is Shrinking: Debt Management Office

Nigeria’s total public debt stood at $94.7 billion in 2021, up from $78.9 billion the previous year. Patience Oniha, the head of the country’s Debt Management Office (DMO) briefed journalists last Thursday in Abuja. Compared to other African finance ministries, Nigeria’s DMO has championed transparency, and these briefings ...

Why Building Public Assets is Key for Debt Sustainability and Economic Growth

By Yan Wang and Yinyin Xu Public assets are a vast unknown and untapped resource. Consisting of real estate and operational assets, public assets include a country’s state-owned land, transport, and utilities, as well as its liquid financial assets and state-owned ...

Chinese Infrastructure Loans to Africa Are Not Aid – But What Are They?

As concern grows as to how countries like Kenya will repay their loans to China, navigating misinformation about Chinese lending remains challenging. Johns Hopkins University Professor Deborah Brautigam, one of the world’s leading experts on Chinese lending to Africa, unpacked the issue in a public lecture on ...

Analysis from Cobus van Staden

Joint Battlefield Training to Raise Pressure in South China Sea

The U.S. military will reportedly introduce joint combat training with the Philippines in June. Major General Marcus Evans, commander of the U.S. 25th Infantry Division, told the Associated Press that the training would increase the Philippine army’s ability to fight in challenging jungle conditions.
The training will run from June 1 to 10. At Manila’s request, the training will be held in Philippine territory for the first time. It will involve about 2,000 people ...

Foreign Ministry Briefing Sums Up China’s Emerging Position on Ukraine, Africa

China's Foreign Minister Wang Yi's flurry of meetings with African stakeholders over the weekend was the top item of discussion at Monday's regular Foreign Ministry press briefing in Beijing. While most of the briefing with spokesperson Wang Wenbin ...

Right Now There Are Two Chinese Special Envoys on the Move in Africa

Two Chinese Special Envoys are currently touring Africa. Zhai Jun, China's Special Envoy to the Middle East arrived in Sudan late Monday night, his second visit there in a month. Zhai is currently on a week-long tour of Middle East and North African countries ...

“Good Things” From Africa Featured at Hangzhou Trade Fair

Products from 17 African countries are being featured at a trade show in Hangzhou, Zhejiang Province in a bid to introduce the continent's specialties like wine, coffee, and tea, to Chinese consumers. The African Goods brand pavilion opened at Zhejiang ...