Category: Africa
There’s Only One Reason That Explains Why Chinese Companies Are Pumping Out so Much Cobalt: Politics
Chinese mining giant CMOC Group, or China Molybdenum, announced this week that it reached its full-year cobalt production target three months ahead of schedule. This would probably have been welcomed as good news in an earlier era. But in today's market, when the price of the blue ...
China’s Copper Play in Africa: High Stakes, Riches, and Risks in Congo and Zambia
Editor's Note: The following story is an AI-generated summary of a report by the China Nonferrous Metals Research Institute. The original story was published on the Institute's WeChat page in Chinese. CGSP editors have carefully reviewed the translation and the summary to ensure that it accurately ...
Heightened Competition in the African Phone Market Weighs on Transsion Profits
Shenzhen-based mobile phone giant Transsion Holdings has dominated the African market for over a decade, outpacing Samsung, Apple, and a handful of other Chinese brands. But now, the maker of Tecno, Itel, and Infinix brand phones say their rivals are catching up and hammering the company's profits. ...
Stymied in the West, Chinese EV Brands Look to Expand in Africa
Just over a million new vehicles were sold in Africa last year, a relatively small number given the continent's enormous population, estimated at 1.5 billion. Chinese auto brands are looking at that discrepancy and think it provides a unique opportunity for ...
East DR Congo Grapples With Chinese Gold Mining Firms
By Camille LAFFONT Italian priest Davide Marcheselli has been fighting for years against Chinese companies illegally mining gold in the town of Kitutu in the eastern Democratic Republic of Congo. He says mining has spoilt the ...
West African Social Media Fizzes With Pro-BRICS Content
By Emilie Beraud et Célia Lebur West African social media is abuzz with posts promoting a "brighter future" in partnership with non-Western powers, especially those belonging to the BRICS emerging economies meeting this week in Russia.
Taiwan Blames China for S. Africa’s Order to Move Liaison Office
South Africa has ordered Taiwan's representative office to relocate outside of the capital Pretoria, a Taipei foreign ministry official said Friday, blaming Chinese pressure for the decision. China considers self-ruled Taiwan as part of its territory and has sought to whittle ...
Two Dead in Guinea Protests Against Chinese Mining Firm
At least two people died in clashes with security forces at a protest against a Chinese mining firm in eastern Guinea, Guinea's press agency and a local official said Monday. Saturday's demonstration in Konkoi, close to the Malian border, also left ...
Beyond Railways and Ports: China’s Evolving Lending Strategy in Africa
Chinese lending to African countries rebounded in a big way in 2023 after seven consecutive years of decline. Last year, Chinese lenders approved loans totaling $4.61 billion to African borrowers, a dramatic increase over the $922 million lent in 2022, according ...
U.S., UK Conservatives Fear Chagos Island Handover is an Intelligence Gift to China
Current and former conservative lawmakers in the U.S. and UK are condemning a British government deal to handover the Chagos Islands to Mauritius over concerns that it could pave the way for a Chinese military base on the Indian Ocean archipelago. ...
With an Eye on China, Angola Becomes Key Partner for U.S. Ambitions for Africa
By Bronwen Roberts Joe Biden's choice of Angola as his first trip to Africa as president underscores the oil-rich country's influence as the focus of one of the biggest U.S. infrastructure projects on the continent, countering China's investments. ...
Africa’s EV Adoption Accelerates With Chinese Partnerships
Across Africa, Chinese companies have made inroads in the EV market because, according to local dealers, they are much easier to work with than automakers from other countries, particularly those from Europe and the United States, among others.