Anyone who knows a South African will be amply aware that the country is currently undergoing economically ruinous rolling blackouts labeled ‘loadshedding.’ Even if you don’t know them, South Africans are liable to follow you down the street, foam-flecked and shouting about Eskom, the corruption-addled state power utility.
The loadshedding scandal is rooted in corruption. It’s only the most visible part of a historical tragedy: how the ruling African National Congress ...
Day: January 25, 2023
Sri Lanka Hints at Lukewarm Response to China Exim Bank’s Debt Moratorium Offer
The China Exim Bank has reportedly agreed to grant Sri Lanka a two-year debt repayment moratorium, according to a letter sent by the Chinese policy bank to the Finance Ministry in Colombo. The letter, which has not been made public but
Analysis from Cobus van Staden
A Chinese Giant’s Complicity in South Africa’s Corruption Disaster
China Tells Janet Yellen U.S. Is in No Position To Criticize Beijing on Debt Issues in Zambia
The Chinese embassy in Lusaka clapped back at § for her remarks that Beijing was acting as a "barrier" in Zambia's drawn-out debt restructuring process. In a sharply worded statement posted on ...
The South African Government May Be Edging Closer to China, Russia But Its People Seem to Prefer the West, Says New Poll
U.S. Treasury Secretary Janet Yellen will meet with South African President Cyril Ramaphosa on Wednesday during the last stop of her ten-day, three-nation Africa tour. Yellen's arrival in Pretoria comes one day after a high-profile visit ...
Why Chinese Lending to Pacific Island Countries Has Steadily Declined in Recent Years
Chinese lending to Pacific Island Countries (PICs) is now at its lowest level in 15 years, according to new data published by the Australian think tank Lowy Institute. The findings may come as a surprise, given China's heightened ...
Xi Issues Call For Solidarity Among Developing Nations in Video Address to Latin American Leaders Summit
Chinese President Xi Jinping addressed the final day of a leaders summit of the Community of Latin American and Caribbean States (CELAC) in Buenos Aires on Tuesday, where he renewed calls for closer coordination among developing countries and improved South-South cooperation.
Washington’s Top Commander for U.S. Forces in the Americas Says China’s Growing Presence in the Region ‘Keeps Her Up At Night’
Prior to his retirement last year, the top commander for U.S. forces in Africa, General Stephen Townsend, was among the most vocal Pentagon officials on the perceived threat posed by China to U.S. interests abroad.