Category: Loans

On July 15, 2019, Ilyas Moussa Dawaleh, Djibouti's Minister of Economy and Finance, tweeted to announce that the restructuring of China's ExIm Bank loan for the construction of the Djiboutian section of the Djibouti-Addis Ababa railway line would be completed even though "a few small details" ...

A full-blown media and Twitter hysteria erupted on Wednesday in Nigeria over reports that a member of the House of Representatives discovered a clause in a Chinese loan contract that supposedly puts the country's sovereignty at risk in the event of default.

Nigerian Transportation Minister, Rotimi Amaechi, called on the house of representatives committee on treaties and agreements on Wednesday to suspend their investigation into past Chinese loans until Abuja has secured $500 million for three new loans to fund critical transportation projects. 

The South China Morning Post's Inkstone team published a brief analysis today showcasing data from the China-Africa Research Initiative (CARI) at Johns Hopkins University. It provides a fresh reminder that the Chinese debt crisis in Africa is confined to a relatively small number of countries. ...

A new Bloomberg report projects a grim future for Africa's economic stability as it becomes increasingly apparent that countries who borrowed heavily from China over the past decade are unlikely to be able to repay those loans. The article by two ...

University of Cape Town professor, Carlos Lopes, was among the first today to post a rebuttal to the Bloomberg China-Africa debt article. Professor Lopes expressed frustration that the article only focused on the negative aspects of China's lending practices on the continent and ...

Yesterday, China's ambassador to Somalia, Qin Jian, posted a Tweet where he stated that "China accounts for about 14% of all foreign debts in Africa," which was a figure that we hadn't previously seen. Since the Chinese government does not provide an easily accessible resource ...

It's often said that analyzing China-Africa ties is a lot like looking at one of those inky splotches you see on a Rorschach test. If you think China's engagement in Africa is the worst thing that's happened to the continent in ...

There's a huge disconnect between the debt relief discussion currently taking place on many webinars hosted by academics and analysts, and the reality of what's actually happening. We're now five months into this crisis and one thing is clear: bondholders, pension ...

Iran and China are reportedly nearing completion of a wide-ranging oil-for-infrastructure deal that would pave the way for billions of dollars of Chinese investment in Iran's energy, telecommunications and financial service sectors in exchange for a 25-year supply of oil.

In case you missed last week's webinar hosted by CARI Director Deborah Brautigam and Kevin Gallagher, director of Boston University's Global Policy Development Center, where they introduced the new interactive loan database and discussed the latest World Bank data about Africa's burgeoning debt crisis, ...

Kenya's ailing Standard Gauge Railway (SGR) announced plans to resume passenger service between Nairobi and Mombasa now that President Uhuru Kenyatta lifted the partial lockdown in the capitol. During the lockdown, brought on by the COVID-19 outbreak, the SGR only carried cargo on its various ...