Day: February 28, 2023

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China Sticks to Its Position That Its Not to Blame for Delays in Zambia’s Debt Restructuring Process

Any hope China would soften its hardline position on debt restructuring following last weekend's talks among G20 finance ministers was dashed on Monday when Foreign Ministry Spokesperson Mao Ning restated Beijing's longstanding demand that multilateral creditors also take losses on their loans to developing countries. ...

IMF Head Flatly Rejects China’s Call for Multilateral Development Banks to Take Losses on Loans: “Not Possible”

International Monetary Fund Managing Director Kristalina Georgieva flatly rejected China's demand for multilateral development banks (MDBs) to accept losses or "haircuts" for loans to the world's poorest countries. "Not possible" she bluntly declared in an interview with Bloomberg following this weekend's ...

Germany’s Ambassador to Ghana Explains Why He Thinks China is Hesitating to Set Up a Creditor Committee

The German government is advocating on behalf of Ghana for China to stop stalling in the creation of a new Creditor Committee that will restructure Accra's debts. Last week, Ghana officially became the second African country in the post-pandemic era to default ...

With an Eye on China and Russia, Macron (Again) Tries to Reboot France’s Strategy in Africa

France needs to approach Africa with ‘profound humility’ to make up for its colonial past. This is the message from French President Emmanuel Macron, who is embarking on an African tour in part aimed at rejuvenating Paris’s engagement with a continent where its image remains shaped by its colonial ...

Top Chinese Communist Party Official Visits Ruling Party Leaders in Kenya, Tanzania

In-person party-to-party exchanges between Communist Party of China (CPC) officials and African counterparts are ramping up again. Li Mingxiang, the Vice Minister of the International Department of the CPC Central Committee, recently visited Kenya and Tanzania. The visit was ostensibly aimed at ...

Analysis from Cobus van Staden

The Pain of Un-Polarity

“THE G2 WILL BE CONVENING SHORTLY!”
This post by U.S. President Donald Trump in the run-up to his meeting with Chinese President Xi Jinping last week may end up leaving a more lasting mark than the actual summit he attended.

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Kenya’s Ambassador to China Leaves Unexpectedly

Kenya's outgoing ambassador to China, Mary Muthoni, is leaving her post after only ten months on the job, far less than her predecessor, who spent three years in Beijing. The Ministry of Foreign Affairs in Nairobi did not explain what prompted ...

In Crafting Special Economic Zones, Ethiopia and Vietnam Learned from China and Taiwan

By Keyi Tang The Taliban administration recently announced plans to convert former US military bases into special economic zones (SEZs) with the aim of promoting economic self-sufficiency through increased trade and investment.  The Taliban are not ...