Day: August 23, 2022

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CMOC’s Cobalt Earnings Jump as Prime Minister’s Mediation Attempt Falters

China Molybdenum (aka CMOC/China Moly), the Chinese minerals giant running one of the Democratic Republic of Congo’s largest cobalt mines, has reported record net profits of about $606 million for the first six months of the year. Profits are up 72% year-on-year, despite ongoing disputes between CMOC and Gecamines, the DRC’s ...

Angolan Presidential Candidate Eyes Chinese Loans

Adalberto Costa Jr., a candidate in this week’s presidential election in Angola, will launch an audit of the country’s debt to China if he wins. He pledged that any loans not resulting in infrastructure will be renegotiated. At about $42.6 billion, the country holds ...

Africa Should Be Cautiously Optimistic About New U.S. Africa Strategy: Analyst

Global reaction to the United States’s new Africa strategy, unveiled by Secretary of State Antony Blinken during his recent African visit, has largely split along North-South lines. While accounts in the U.S. press framed the policy as a response to China and Russia’s ...

Tanzania is the Latest Focal Point For Railway Construction in the Post-Megaloan Era

The Tanzanian government opened bidding to build the next stage of its new Standard Gauge Railway (SGR) network that will extend to the border with Burundi. Construction companies have been invited to submit proposals to build a 367-kilometer portion of the line ...

Africa in the New Era of U.S.-China Great Power Competition

Chinese President Xi Jinping is widely expected to soon re-emerge on the global stage after a nearly three-year absence. Where is still unknown, but when it does happen it's going to create a much tenser, more confrontational atmosphere at upcoming summits ...

Analysis from Cobus van Staden

Confusing Developments in “Development”

This week I’m in Brussels, where I took part in a workshop on how the EU should shape its development strategy in response to China’s global influence.
I have joked in the past that it feels like I’ve attended this same ‘EU, Africa, and External Development Partners’ conference for ten years straight. 

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Mechanisms for ‘Telling Chinese Stories Well’: Chinese Influence on Foreign Media

By James Sundquist The “Rise of China” is one of the great stories of this century. But how is this story told? Is the Belt and Road Initiative (BRI) about South-South cooperation or debt-trap diplomacy? How much attention should be paid ...