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Category: Economy

Magalie Masamba on What It’s Going to Take to Resolve Africa’s Debt Distress

Until a few years ago, before the pandemic, most African economies were among the world's best performing in terms of debt. Revenues were sufficient and debt-to-GDP levels were largely well below the IMF's 50% threshold. ...

Update on the Current State of China-Nigeria Ties With Efem Ubi

Nigerian President Muhammadu Buhari had envisioned leaving office with vast amounts of shiny new Chinese-financed infrastructure built throughout the country. That's not going to happen. China has lost its appetite for large-scale development projects in Nigeria leaving some $15 billion of ...

Analysis from Cobus van Staden

Q&A: Africa’s Role in China’s Global Military Expansion: Defense Expert Unpacks a Thorny Issue

The head of the U.S. Indo-Pacific Command, Admiral John Aquilino, on Tuesday added to the growing alarm in Washington DC defense circles about the global reach of China’s military. 

Speaking in front of the House Appropriations defense subcommittee, Aquilino said China is building capacity to seize Taiwan, and: “The PRC also seeks to establish a network of overseas military installations that would extend its reach, allowing support for an increasingly global People’s Liberation ...

Amid Backdrop of Anti-Chinese Violence in Pakistan, Foreign Ministers From Both Countries Meet to Reaffirm Ties

Pakistan's new Foreign Minister Bilawal Bhutto-Zardari spent the weekend meeting with his Chinese counterpart Wang Yi in the southern Chinese city of Guangzhou.  This was Bilawal's first official overseas visit since the new Pakistani government came to power last ...

Kenya’s Debt Payments to China Shoot Up as Grace Periods End

Kenya’s debt repayments to China will jump by 135% as grace periods for the repayment of large infrastructure loans come to an end. Kenya will pay $630.7 million to Chinese lenders this financial year, up from $268.2 million last year.

The Economist Wades into Africa-China Relations

The Economist brought out a special report on Africa-China relations. It is rare for the magazine to dedicate so much attention to Africa-China relations. However, its geopolitical framing: “To counter China’s growing role in Africa the West must first understand it” is already 

Prominent Chinese Africa Expert on U.S. Troops’ Return to Somalia

The Biden administration’s decision to return U.S. troops to Somalia has sparked reaction from one of China’s foremost Africa experts. From her position at the Chinese Academy of Social Sciences, He Wenping played a key role in building Chinese knowledge about Africa, and she’s one of the ...

Biden’s IPEF Plan Gets Lukewarm Reaction in Asia

U.S. President Joe Biden is in Asia for his first official presidential visit to South Korea and Japan. One of the main goals of the trip, which kicked off on Friday, is to promote the Indo-Pacific Economic Framework (IPEF) to Asian governments. 

WEEK IN REVIEW: Zimbabwean Government Accuses the U.S. of Paying Local Journalists to Write Negative Stories About China

The Zimbabwean government is once again accusing the U.S. of paying local journalists to write negative stories about Chinese investment in the country. The state-run Herald newspaper reported on Tuesday that the U.S. embassy in Harare is working with the opposition MDC party to foment opposition to Chinese ...

The Philippines New President Tells Xi He Wants Ties With China to “Shift to a Higher Gear”

Philippines President-elect Ferdinand Marcos said he plans to expand ties with China when he assumes office on June 30th. The incoming president told his Chinese counterpart Xi Jinping in a phone call on Wednesday that he hopes relations between the two countries will "

Why Chinese Manufacturers Are Leaving the Pearl River Delta to Go to Vietnam

International companies are by no means alone in looking to move their supply chains out of China. A growing number of Chinese manufacturers are doing the same, albeit for very different reasons. While U.S., European and Japanese companies have been frustrated ...

Could China Ease South Africa’s Electricity Woes?

Radio702, a prominent news and talk radio station in South Africa, this week discussed whether China might be able to help the country out of its ongoing electricity crisis. The power issue is back in the headlines as the country’s beleaguered power utility Eskom is ...

Kenyan Avocado Farmers Will Have to Jump Through One More Hoop Before Exports to China Can Begin

The Kenyan government's years-long effort to export fresh avocados to China ran into yet another obstacle this week when Chinese authorities informed Nairobi that another round of audits will be required before shipments can begin. “We have received communication from China ...
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