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Did Tanzania’s President Really Cancel the Bagamoyo Port Deal with China? Probably Not.

There's widespread speculation circulating that Tanzanian President John Magufuli canceled the controversial $10 billion Bagamoyo port deal with China Merchants Holding International (CMHI). The story surfaced last week after the little-known website "Nairobi Mini Bloggers" website published a post ...

Reports of Arson Attacks Against Chinese Businesses in Nigeria and Arrest of Archbishop Protesting Treatment of Africans in Guangzhou Highlights Growing Tensions

Videos are spreading rapidly on Nigerian social media, purportedly showing hundreds of young men burning down Chinese-owned businesses and factories in the Ogun-Guangdong Free Trade Zone outside of Lagos in southwestern Nigeria. Although these videos were shot last week and posted ...

Mobolaji Adeoye: More Chinese VC Investment is on its Way to Africa in 2020

Mobolaji Adeoye, founder of Consonance Investment Managers, is a highly-regarded early-stage investor in the African start-up sector and provided his outlook for the year ahead in the VC space that attracted $1.27 billion of venture capital investment in 2019. Mobolaji Adeoye's ...

AEI: Chinese BRI Spending Plummeted in 2019

Agathe Demarais, Global Forecasting Director at the Economist Intelligence Unit, shared this compelling chart today that illustrates a dramatic drop off in Chinese investment and construction spending in 2019. She noted: Financing for BRI projects ...

So the UK Now Wants to Compete With China in Africa. Here’s What They’ll Need to Do

15 African heads of state were in London yesterday for the inaugural UK-Africa Investment Summit that was hosted by Prime Minister Boris Johnson and Prince Harry. Like so many other "Africa Summits" in Russia, Japan, Turkey, and India among other places, China, although rarely mentioned, loomed large ...

In a Bid to Challenge China, Britain Will Reallocate $500 Million of its Aid Budget to Jump Start Private Sector Investment in Africa

African leaders from 20 countries are in London today where they will take part in the UK-Africa Investment Summit. The summit, hosted by Prime Minister Boris Johnson, aims to chart a new post-Brexit course for British foreign policy on the continent that has ...

Yun Sun: Chinese Debt Fatigue in Africa Opens Opportunities for New Emerging Powers

Brookings Institution non-resident fellow Yun Sun writes today that the Chinese debt-led financing model in Africa may be starting to wear thin as a growing number of countries across the continent become increasingly concerned about repaying all those Chinese loans. "As ...

India Exim Bank CEO: “Why Do We Have to Take on the Chinese” in Africa?

The head of India's Export-Import Bank brushed away concerns that India is being outdone in Africa and rejected the whole notion that somehow the two Asian giants must compete with one another on the continent.

China Emerges as Key Theme in Discussion on How to Create Jobs in Nigeria

The NewThink podcast is a new show hosted by two of Washington's most well-known Africa analysts, Aubrey Hruby from the Atlantic Council and Former Liberian Public Works Minister and current fellow at the Center for Global Development, Gyude Moore. In this episode that focuses on how ...

The Rise of Chinese Private Sector Investment in Africa

Chinese investors have been wary of the African market. For a long time, China's cash-rich venture capital, private equity, and corporate investors have preferred the stability in the U.S. or the cultural familiarity in Southeast Asia's markets. Africa, in their view, ...
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