Day: April 6, 2023

Related Posts

EACOP: Court to Determine Fate of Oil Pipeline Project by Chinese, Other Shareholders

Just days after Lloyd’s Cincinnati confirmed that it will not insure the controversial East Africa Crude Oil Pipeline (EACOP), the project faces another hurdle at the East African Court of Justice (EACJ). The EACJ is expected to rule in the case ...

Saudi, Iranian Foreign Ministers Sign Deal in Beijing to Restore Diplomatic Ties, Resume Flights

The foreign ministers from Saudi Arabia and Iran made it official to fully restore diplomatic ties and resume direct flights between the once-rival countries. Iran's Hossein Amir-Abdollahian and Saudi Arabia's Prince Faisal bin Farhan Al Saud signed the follow-up statement on ...

China’s Top Africa Embarks Envoy on Three-Country Tour

Wu Peng, China's top diplomat in Africa, tweeted that he's visiting Guinea, Niger and Sierra Leone this week. Notably, U.S. Secretary of State Antony Blinken also recently visited Niger, where he announced a $150 million assistance package for the Sahel. Chinese companies also have major ...

China’s Southeast Asian Diplomatic Blitz

This is a busy time for diplomacy between China and its Southeast Asian neighbors. Senior Chinese officials are holding numerous meetings with their counterparts in the region. Following the recently-concluded visits from Malaysia’s Prime Minister Anwar Ibrahim and Singaporean Prime Minister ...

How Does Africa Get the Tech It Needs?

As geopolitical tensions rise, external partners want a say in African development choices. This is particularly true for digital expansion, where Global South countries are frequently framed as battlegrounds between Chinese companies like Huawei and Western competitors. However, African policymakers are gaining ...

Analysis from Cobus van Staden

How to Lure Chinese Financing Back to the Global South: Report

Global South countries face increasing financing pressure, endangering their ability to keep developing while also implementing measures to deal with a growing climate crisis. The disruption of global trade is coupled with a larger megatrend: flows of international capital to the developing world have turned negative. This means that countries are now routinely paying more to service loans than they receive in disbursements.

The vast majority of Global South borrowers ...