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Details Of Revamped China-Congo Mining Deal Emerge

Democratic Republic of Congo President Felix Tshisekedi surprised many late last week with an announcement that the controversial Sicomines deal has been successfully renegotiated. Tshisekedi had made reworking the controversial resource-for-infrastructure deal with a Chinese consortium that included firms like Sinohydro and ...

Tshisekedi Says Restructured Chinese Mining Deal Will Pave the Way for $7 Billion in New Infrastructure

Félix Tshisekedi was sworn in this weekend for a second five-year term following a landslide victory in December in an election that many of his opponents say was stolen. The president took the oath of office on Saturday before a packed ...

Ghana Announces Debt Deal

Ghana announced a deal with its official creditors that would push back loan repayments until 2026. The government also says it will strike a deal with Eurobond investors for a new deal on $13 billion of private sector debt. Speaking at ...

IMF “Optimistic” About Ghana Debt Deal Amid Predictions that Chinese Lending Could Bounce Back

The International Monetary Fund said it is hopeful that Ghana will reach a debt agreement with bilateral creditors soon, which would unlock another $600 million IMF payment to the country. The IMF’s Resident Representative for Ghana, Leandro Medina told Reuters: "We are ...

Sliding Currency Push Up Kenyan Payments for Chinese Railway

Kenyan tax payers will have to cough up $87 million more for a January repayment of a loan for the Chinese-built Standard Gauge Railway (SGR) because of a depreciation on the value of the Kenyan shilling. According to the World Bank, 

China Cuts Off Vital Lifeline to Argentina, Recalls Ambassador

The younger generation loves to say — with saltier wording — “You mess around and find out.” Argentina’s new president, Javier Milei — who while campaigning used fierce anti-China rhetoric — has apparently messed around and found out.

Argentina’s ‘China-Bashing’ New President Reaches Out to Xi Jinping for Help: Report

After bashing China during his presidential campaign and vowing to downgrade ties, Argentina’s new leader, Javier Milei, is reportedly reaching out personally to Chinese President Xi Jinping to request continued financial support as Argentina’s economic crisis worsens. Leading conservative newspaper ...

Ethiopian Bonds Spike As It Awaits Official Default

Ethiopia’s bond price jumped to their highest level since January on the news that the government will not make a $33 million interest payment due on 11 December. Ethiopia has a 14-day grace period to come up with the money, after which 

Examining New Data on Chinese Foreign Direct Investment across the Wider Mediterranean Region

Chinese foreign direct investment (FDI) in the Mediterranean region grew by 5% in 2022 but differed by region. While the Middle East accounted for the bulk of the increase, southern Europe and North Africa suffered investment slumps. This is the key ...

Ethiopia To Default on Bond Payment

Ethiopia is set to join Zambia, Sri Lanka, and Ghana on the debt chopping block following the announcement that it can’t pay a $33 million bond coupon due on Monday. The country will officially be in default once a 14-day grace period elapses. ...
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