Category: Debt
China’s Role Looms Over Ethiopia’s Stalled Debt Talks With Bondholders
Ethiopia’s debt restructuring negotiations are facing renewed strain as private bondholders push back against objections from the Official Creditor Committee, led by China and France. Bondholders are complaining that they are being unfairly treated in comparison with bilateral lenders. China is the ...
Kenya Cuts Debt Costs With Yuan Swap as China Ties Reshape Financing
Kenya reduced its external debt-servicing costs by about $167 million after using a yuan-for-dollar currency swap linked to its debt with China. This is the first time Nairobi has specified the exact figure, after announcing the swap in October. The transaction lowered ...
New Data Reveals China’s Complex Role in Africa’s Debt Portfolio
China was once Africa's largest bilateral creditor, but now, as many of those loans come due, it's become the continent's largest bilateral collector, according to a new report by the UK-based NGO ONE Data. The so-called "Great Reversal" that ONE Data identified highlights how ...