Day: April 26, 2023

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China’s Role in Kenya’s Unfolding Economic Calamity

There's growing speculation among international investors that Kenya is now poised to become the next African country to default on its debt.  The markets worry about how Kenya will remain solvent in the face of three converging trends that are making ...

Africa’s Debt-fueled Infrastructure Binge Will Not Generate Economic Growth, Says Prominent Kenyan Scholar

Kenya, Nigeria and Zambia are among a number of African countries that borrowed billions of dollars over the past twenty years to build massive infrastructure projects that policymakers in those countries all thought would help grow their economies. That didn't happen ...

New Boston University Report Challenges Chinese Debt Trap Meme That’s Still Popular With U.S. Government Officials

Researchers at Boston University's Global Development Policy Center did not mince words in a report published this week, in which they stated that "debt trap diplomacy is not a driver of Chinese lending and overseas development finance." For anyone who follows ...

Hundreds of Chinese Evacuated From Sudan

More than 400 Chinese nationals were evacuated from the Sudanese capital of Khartoum on Tuesday and taken by bus to the Red Sea city of Port Sudan. The Chinese Foreign Ministry said that the majority of its people in Sudan have ...

Nigeria to Finance Major Pipeline After Chinese Funding Falls Through

The Nigerian government will pick up the tab to build the last portion of the 614-kilometer AKK natural gas pipeline that China had originally agreed to finance. In 2017, the Bank of China negotiated a deal to fund the $2.5 billion project ...

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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TotalEnergies Signs Deal With Chinese Contractor for Controversial Africa Pipeline Work

French energy giant TotalEnergies concluded a deal with China Petroleum Pipeline Engineering and East Africa Oil Pipeline operator EACOP to build the environmentally controversial pipeline in East Africa. The Chinese company will replace a Russian pipe supplier to provide some of ...