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Angolan Police Arrest 8 in Raid on Chinese-run Bitcoin Mining Operation

Eight Chinese nationals were arrested and servers and other equipment were seized by Angolan authorities during a raid on a Chinese-led illegal bitcoin mining operation hidden in a brick factory in Kwanza Norte Province. (AFRICAN OVERSEAS CHINESE NEWS - in Chinese)

China on Debt: It’s Not Us, It’s You

Chinese Foreign Ministry spokesperson Mao Ning pushed back against recent allegations by senior Western officials that China is holding back debt restructuring in Zambia. Citing recent statistics from the Zambian government, Mao pointed out that Zambia’s debt burden is predominantly Western, with 24% to (Western-led) multilateral institutions and 46% to (mostly ...

China-Argentina Call Reveals Closer Ties

China’s Foreign Minister Qin Gang held a phone conversation with his Argentine counterpart Santiago Cafiero, the newest sign of the two countries’ increasing closeness. Argentina is a champion of closer cooperation between China and Latin America and plans to join the BRICS bloc. ...

U.S. Panic About Chinese Land Grabs Echoes Africa

Recent reports in the right-leaning press in the United States claim that China is escalating purchases of American farms. This drumbeat is partly in support of the proposed Promoting Agriculture Safeguards and Security (PASS) act. The bipartisan measure would block investments in U.S. agriculture from China, Russia, Iran and ...

A Chinese Giant’s Complicity in South Africa’s Corruption Disaster

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.

Why Africa Shouldn’t Count on Janet Yellen for Debt Help

U.S. Treasury Secretary Janet Yellen is in Africa touting the Biden administration’s reenergized Africa policy. Her visit comes as several African countries are struggling with debt distress and Zambia and Ghana have officially defaulted. Debt’s prominence as a talking point is somewhat awkward, considering ...

U.S. Treasury Secretary Blames China for Delays in Zambia Debt Restructuring

U.S. Treasury Secretary Janet Yellen accused China of blocking progress for Zambia's drawn-out debt restructuring process that is now entering its second year. “I know the Chinese have been a barrier to concluding the negotiations,” she said in Lusaka on Monday, the ...

Lavrov Visit and Upcoming Joint Naval Exercises With China Spark Anger in South Africa

The South African government is coming under intense criticism for welcoming Russian Foreign Minister Sergey Lavrov and for next month's joint naval exercises with both Russia and China. SA Foreign Minister Naledi Pandor dismissed the criticism on Monday at a press conference ...

Uganda to Become Africa’s Newest Oil Exporting Country With Inauguration of New Chinese-operated Drilling in Lake Albert

Ugandan President Yoweri Museveni's long-held ambition to export oil via the controversial East Africa Crude Oil Pipeline (EACOP) will move closer to reality on Tuesday when he commissions the country's first new drilling site in Lake Albert. The President will inaugurate ...

Buhari Commissions Port of Lekki, One of China’s Most Consequential Infrastructure Projects in Africa

Nigerian President Muhammadu Buhari officially opened West Africa's largest port facility on Tuesday when he commissioned the new Lekki Deep Sea Port in Lagos State. The opening coincided with the docking of the first cargo vessel, the French-flagged CMA CGM Mozart, to ...

No Blackface in This Year’s Spring Gala TV Show, Actual Africans Performed Instead

The producers of this year's Spring Gala television variety show in China appear to have learned from recent scandals around Chinese actors in blackface appearing in the hugely popular annual Lunar New Year program. Instead, Tanzanian singer Coronia Kila performed on ...

India Supports Sri Lanka’s Debt Restructuring Process

Sri Lanka has reportedly secured India’s support for its debt restructuring process. According to Reuters, an Indian Finance Ministry official sent a message to the International Monetary Fund that it “strongly supports” the debt-ridden country’s economic recovery plan. Indian External Affairs 
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