Category: Business
Rwandan Trade Industry Leaders Urges Businesses To Look Beyond China To Source Imports
Severe shipping disruptions brought on the COVID-19 pandemic have resulted in much higher import costs in Rwanda, especially from China, prompting one industry official to urge businesses to find alternate suppliers. The 10% increase in Chinese imported goods is brought on ...
Africa’s Largest Bank Is Positioning Itself as a Turn-Key China-Africa Trade Agent
Standard Bank's Zambian unit wants farmers to know they're a one-stop-shop to import equipment and other agricultural materials from China. Stanbic Bank Zambia, more than almost any other major financial institution on the continent, is working to position ...
Chinese Businesses in Uganda Set Up Database of Bad Former Employees
If you're a Chinese business operator in Uganda and have had employees who've cheated, stole from your business, or caused property damage, you can email safelyxikun@gmail.com to have their name added to a new database of bad employees that's accessible by other Chinese companies in the country.
Carnegie-Tsinghua Scholar Tang Xiaoyang on the “Real Situation Confronting Chinese Companies in Africa”
One of China's largest and most influential online portals, Observer (观察), published an interview this week with well-known China-Africa scholar Tang Xiaoyang, deputy director of the Carnegie-Tsinghua Center for Global Policy, about some of the difficulties that Chinese companies are encountering in ...
President Akufo-Addo Taps Ghana’s Former Ambassador to China to Run One of the Country’s Two Oil Refineries
Ghanaian President Akuof-Addo appointed Edward Boateng, the highly regarded former ambassador to China, to become the Managing Director of Ghana's embattled Tema Oil Refinery (TOR). Although Boateng served in the Ghanaian foreign service from 2017 until last year, he comes from ...
Week in Review: Shipping, Share Prices and Strikes
Islamic militants released two Mauritanians kidnapped earlier this month in Mali but there's no word on the three Chinese construction workers who were abducted in the same raid. The militants provided no explanation for Wednesday's release or any other information on the ...
Record EV Sales in China Pushes Up the Price of Cobalt and Other Battery Materials
Chinese car buyers are snapping up electric-powered vehicles in record numbers. In the first half of the year alone, automakers sold 1.2 million new energy vehicles and almost a quarter of a million in June alone.
What Advice is a Loan Official From China’s Largest Bank Giving to Companies Looking to Invest in Africa?
Now that China has all but stopped large-scale lending for major infrastructure projects in Africa, there's a lot of confusion over what happens next. After all, Chinese lending has been the cornerstone of Beijing's 15+ year engagement strategy on the continent. ...
Why the Chinese Embassy in DRC Needs To Take Labor Abuse Videos Seriously
China's ambassador to the Democratic Republic of the Congo, Zhu Jing, is probably hoping that the fuss from the recent emergence of multiple social videos that depict violent abuse of local Congolese workers by Chinese managers will blow over. ...
Two Day U.S.-Africa Business Summit Kicks Off Today As Part of White House Push to Revitalize Trade With the Continent
After years of sitting on the Africa summit sidelines, the United States is getting back in the game with the start of a two-day online business forum that starts on Tuesday. The gathering is organized by the business lobby group Corporate Council on Africa. ...
The U.S. Has a Lot of Ground to Make Up If It Wants to Compete With China and Europe on Trade With Africa
While U.S. corporate and political elites meet virtually this week with African stakeholders to discuss revitalizing trade between the two regions, it's worth noting just how much work there is to be done, especially in relation to Africa's other major trading partners in China and Europe.
Chinese Companies’ “Eat Bitter” Management Style Just Doesn’t Work in Africa
Forget debt traps, Huawei ‘back-doors' and vaccine diplomacy. They might be the disputes that define our current polarized moment. But I’m willing to bet they won’t have the staying power of the one – the original – dispute that has haunted Chinese engagement with Africa since the ...












