Category: Economy

The biggest headline from November’s FOCAC meeting was China’s pivot away from infrastructure funding. But like many FOCAC headlines, it needs several asterisks. In the first place, the pivot might actually be away from a particular infrastructure model (massive projects funded with large bilateral Chinese policy bank ...

For the first time, China's external trade in 2021 surpassed $6 trillion in a single year, up 21% compared to the previous year, according to new data from the General Administration of Customs (GAC) released on Friday. Last year's ...

The Ghanaian Finance Ministry is angrily refuting recent reports by Bloomberg News reflecting the increasingly widespread perception in the global financial community that the country is now over-extended and facing debt distress. 'There are some serious factual errors in the article, ...

The central bank in Sri Lanka will make a $500 million payment on Tuesday to bondholders, the first tranche of $4.5 billion in debt servicing obligations that Colombo is due to pay this year. The South Asian island state ...

With more than 20 African countries now approaching or confronting debt distress, according to the IMF, a trio of scholars at the London-based international affairs think tank Chatham House mapped out what they think needs to be done to address the situation.

Kenyan immigration arrested six Chinese nationals last week as part of a broader crackdown against foreigners illegally living and working in the country. The six range in age between 25 and 30 years old, and were detained after authorities received a local tip.

Centuries ago early British imperialists recognized the vast potential of the China market. They fantasized that if every Chinese man added just one inch to their shirts, it would have the cotton mills of Manchester spinning for decades. That dream of ...

Kenya's transportation minister Joseph Njoroge reaffirmed the government's longstanding refusal to make public the $3.9 billion contract with the state-owned China Road and Bridge Corporation (CRBC) to build the Standard Gauge Railway. Njoroge's cited a host of reasons for rejecting the ...

This week's Financial Times story by Africa Editor David Pilling and Greater China Correspondent Kathrin Hille on the slowdown in Chinese infrastructure lending in Africa provoked a largely favorable response among international audiences but almost no reaction from Chinese stakeholders... until today.

The recent pullback in Chinese lending for African infrastructure development makes sense, given debt sustainability problems in more than a third of the countries across the continent, explained Damilola Akinbami, the Lagos-based head of research at Financial Derivatives Company in an interview on the ...

Wu Peng, China's top diplomat for sub-Saharan Africa, on Wednesday posted a tweet that featured a week-old video of Nigerian President Muhammadu Buhari defending his decision to borrow from China. Wu didn't include any other reference in ...

Provincial lawmakers in the southern Chinese province of Hunan approved a set of new measures this week that are designed to boost the province's already sizable trade with Africa.  Members of the Standing Committee of the Thirteenth People's ...