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Kenya’s Public Debt Shot Up Last Year, But Not Because of China

Kenya's total public debt surged by more than $13 billion last year to a record $77 billion, largely due to a massive fall in the value of the shilling. The shilling shed 27% of its value against the dollar in 2023, ...

The BRI Is Back on in Nepal With Funding for Hydropower Plant

Approval of a loan to support a Chinese hydropower project could signify a breakthrough in the so far stillborn development of the BRI in Nepal. A provincial Chinese energy SOE, Sichuan Chuantou Energy, secured a $182.50 million loan from the Export-Import ...

China Proposes Billion-Dollar Revamp of the Legendary Tazara Railway

The competition between the United States and China to refurbish some of Africa's decrepit railways intensified this week when the Chinese government presented a billion-dollar proposal to rebuild the Tazara railway linking Zambia's copperbelt to the Tanzanian port of Dar es Salaam. ...

Africa’s Debt Dilemma: The Urgent Need for More Equitable Borrowing

For the first time in years, a few African countries are venturing back into the bond market to raise funds for infrastructure and to pay down their debts. However, borrowing more from private creditors is a risky move given the difficulties ...

China Proposes Billion-Dollar Revamp of the Legendary Tazara Railway

The competition between the United States and China to refurbish some of Africa's decrepit railways intensified this week when the Chinese government presented a billion-dollar proposal to rebuild the Tazara railway linking Zambia's Copperbelt to the Tanzanian port of Dar es Salaam. ...

Analysis from Cobus van Staden

Misadventures in the Skin Trade

This week I spent a few days in Cape Town, in time for a minor, if telling, crisis in international agricultural trade. A ship crammed with 19,000 (mostly still living) cows was stuck in Cape Town harbor, en route from Brazil to the Middle East.
As South African animal welfare authorities scrambled to inspect the horrors on board, the city was enveloped in a powerful farmyard funk. The entire episode can ...

Zambia Expresses Optimism It Can Allay Chinese Concerns Over Debt Deal

The Zambian Finance Minister Situmbeko Musokotwane said he's hopeful his country's three-year debt restructuring odyssey can finally be resolved sometime before June. Musokotwane was cautious about providing any specific timetable but said on Wednesday that he's nonetheless optimistic he can resolve Chinese concerns ...

Major Wall Street Investors Are Moving Money From China to India

Wall Street was once in love with China and plowed tens of billions of dollars into the country, helping to fund decades of growth. Now, that love affair is coming to an end as the Street's big players shift their attention and their money to India.

New Investment Data Shows Belt and Road Initiative Is Rebounding

Chinese investment in Belt and Road Initiative (BRI) projects rose to its highest level since 2018. A new report  by Fudan University in China and Griffith University in Australia shows that investment has jumped by 80% since last year. The ...

How China Can Make a Significant Difference in Mobilizing Capital for Climate and Conservation

By Rebecca Ray On February 7, major global creditors will meet at the Global Sovereign Debt Roundtable (GSDR) to address the continuing debt crisis among emerging market and developing economies (EMDEs), which have faced a confluence of crisis factors – ...

China and the Global South’s Merging Talking Points

Considering that we’re called “The China-Global South Project,” it’s probably not surprising that we’ve long predicted that the developing world is becoming more central to China’s global geopolitical agenda. Other analysts are coming around to this view. For example, the Asia ...
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