Category: Infrastructure
Tempers Flare in Nigerian House Hearing on Chinese Loans
Three weeks of steadily building tensions over Chinese loans to Nigeria erupted in a House committee hearing on Monday. Transportation Minister Rotimi Amaechi and the Chairman of the House Committee on Treaties, Protocols, and Agreements, Nicholas Ossai, confronted one another in a series of ...
China’s Doing More But Spending Less in Africa
China is engaged in more Belt and Road-related projects in Africa but spending far less than it is in the Middle East and South Asia, according to new data from the Washington, D.C.-based consultancy RWR Advisory. In its latest IntelTrak report ...
Nigeria’s Transportation Minister Renews Plea For Legislators to Stop Questioning Loan Agreements With China
Nigerian Transportation Minister Rotimi Amaechi renewed his appeal to the National Assembly to stop questioning the $5.3 billion Chinese loan to build the Ibadan-Kano standard gauge railway. This is the second time the minister has called on legislators to temporarily stop their investigation into the Chinese loan. ...
Scuffle Breaks Out When a Chinese Construction Manager Blocks Kenyan Minister From Conducting a Surprise Site Inspection
When Kenya's Transport Cabinet Administrative Secretary Wavinya Ndeti showed up with a delegation of senior officials for an unannounced site inspection of the Sh1.7 billion Likoni floating footbridge construction project in Mombasa, the lead construction manager from the China Road Bridge Corporation (CRBC) was not happy.
How COVID-19 is Messing Up Lucrative Africa-Asia Trade Routes
SABC Correspondent Richard Kimber reports from Hong Kong's main cargo terminal on how new quarantine regulations for container vessels is further slowing African trade with China, and Asia as a whole. ...
Chinese Construction Companies Aren’t Making as Much Money in Africa as They Once Did
A new chart from China's National Bureau of Statistics indicates that Chinese construction companies are not earning as much from their African divisions as they did at the height of China-Africa economic engagement in 2015. Although the chart is ...
Why the Lack of Chinese Transparency Undermines Trust in Kenya’s Sustainable Development
We were inching along Ngong Road, one of the major roads in Kenya that links Nairobi to Ngong town. Even at 3 in the afternoon, the traffic leading out of the capital was packed with commuters. Street-hawkers use this slowness to their advantage, going from window to ...
New Extra Large Ports and Cargo Ships Put Guinea Squarely in the Middle of the China-Australia Political Dispute
Ports in China's Shandong and Fujian provinces will soon open four new berths that will be able to accommodate the super-large bulk vessels known as "Chinamax." This new port capability combined with these massive bulk carriers is prompting some analysts to focus more attention on the vast ...
Nigeria’s Transport Minister Says What Others Won’t: Who Else is Going to Lend Us Money for Infrastructure?
Nigeria's embattled Transportation Minister Rotimi Amaechi appeared on national TV again on Tuesday to try and clear up the rumors and misinformation surrounding a $500 million Chinese loan, which includes a "sovereign immunity" clause. That clause, now commonly ...
Finally, Some Straight Talk on Chinese Loans to Africa
Seemingly fed up with the past week of overheated controversy in Nigeria over Chinese loans, Transportation Minister Rotimi Amaechi is telling it like it is. People may not like the Chinese, they may not like the terms of Chinese loans and they may not like the debt they're ...
The Chinese Foreign Ministry’s Tepid Response to the Escalating Loan Controversy in Nigeria
The Chinese Foreign Ministry on Monday issued a statement in response to the escalating "sovereign immunity controversy" in Nigeria. The ministry did not specifically address "clause 8(1)" which stipulates that Nigeria will waive its sovereign immunity in the event of a default on ...
Sovereign Immunity Controversy in Nigeria Sparks Media Panic About Chinese “Debt Traps”
For much of the past week, Nigerian news outlets across the spectrum have published a series of alarming stories claiming that the country's sovereignty is now jeopardized by its various infrastructure loans, specifically on account of the standard sovereign immunity clauses in the loan agreements.