Category: Economy

A growing anti-immigrant movement in South Africa says it is now targeting not only undocumented immigrants, but even those with residency permits doing low-skilled work. Operation Dudula (“force out” in isiZulu) made clear they are campaigning against both African and Chinese undocumented workers, and that they want to ...

Deputy U.S. Treasury Secretary Wally Adeyemo repeated longstanding warnings to African ministers about the dangers of borrowing from China in a virtual speech before the Conference of African Ministers of Finance, Planning and Economic Development that's taking place in Dakar, Senegal this week.

🇦🇷 Argentina could become a member of the BRICS group. Argentinian officials are joining a flurry of upcoming events with counterparts from Brazil, Russia, India, China, and South Africa, the bloc's five permanent members. Brazil and China reportedly support Buenos Aires joining the group. (MERCOPRESS) ...

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 ...

Two civil society activists in Kenya, Khelef Khalifa and Wanjiru Gikonyo, have won a massive victory in their longshot campaign to force the government to release its contracts with Chinese creditors for the multi-billion dollar Standard Gauge Railway (SGR). The Attorney General and two ...

China, not South Africa or France, will serve as co-chair of Zambia's new creditor committee, said Finance Minister Situmbeko Musokotwane.  “It does make sense for our biggest creditor to play a leading part, to take a leading role in the proceedings,” Musokotwane told Bloomberg late last week. "They are ...

IPEF is the latest U.S. acronym that we're going to hear a lot more of as of today. President Joe Biden will tout the new Indo-Pacific Economic Framework during the two-day summit with eight ASEAN leaders that begins on Thursday. The IPEF is ...

U.S. officials are coming to the ASEAN summit eager to emphasize the region’s importance, and to rebalance perceptions that it is currently mostly focused on the ongoing conflict in Ukraine.  Cross-cutting issues like climate change are sure to occupy some of the discussion. ...

Legislative leaders from across Africa issued a joint appeal on Tuesday for creditor nations to cancel some of the continent's outstanding debts.  The parliamentarians are meeting this week in Abuja for the first-ever gathering of the Conference of Speakers and Heads of African Parliaments ...

Zambian President Hakainde Hichilema is optimistic that Zambia’s debt renegotiation is now on track, following the recent announcement that China and France will head the creditors’ committee. The committee's first meeting will be next week. Speaking at a mining conference in Cape Town, 

The Chinese state-owned steelmaker Sinosteel signed a $690 million deal to mine iron ore at southern Cameroon’s Lobe Mine. The deal is part of China’s ongoing attempts to lessen its dependence on Australian iron ore, as it also diversifies its sourcing away from other major suppliers, like Brazil.  ...

Ching Kwan (CK) Lee is one of the most influential thinkers on Africa-China relations working today. While she’s mostly known in academic circles, her analysis has reshaped thinking about the nature of China’s global influence, especially in Africa. A professor of ...