Category: Economy

Two prominent analysts at The Heritage Foundation, a conservative think tank in Washington, D.C., contend that the main U.S. development finance agency is not doing enough to "counter" China's growing influence in developing countries. Since it was re-launched in 2019, the ...

Tanzania plans to expand its diplomatic presence in China with the opening of a new consulate in the southern city of Guangzhou.  In his announcement on Friday, Ambassador Mbelwa Kairuki said the focus of the new mission will ...

A growing number of people in Africa are facing acute shortages of food due in part to disruptions brought on by COVID, climate change, and, in some countries, conflict. Solving the problem today is not going to be easy given how ...

Tensions between Chinese companies and local labor unions have been simmering all year and now it appears the issue is escalating into a charged political attack against the government for not doing enough to protect worker rights. "People are ...

Zambian President Hakainde Hichilema (photo) called for a review of the country's mining policies on Friday in his first address to parliament since he assumed office last month. But for now, he's not proposing a Congolese-style review of foreign ...

TWEET TRANSLATION: China-DRC trade totaled $7.76 billion in the first seven months of the year, up 97% year-on-year, and the Congolese side recorded a trade surplus of $4.75 billion. During this period, Chinese companies invested $198 million in the DR Congo.

Hunan province is now among the key hubs in China for African trade and increasingly it appears to be positioning itself as a larger BRI trading center. Hunan trade with BRI countries is up 20% year-on-year to $16.5 billion in the January-August period.

China's recently-arrived ambassador to Uganda, Zhang Lizhong, travelled to the central city of Kapeeka on Sunday to visit factories in the Liaoshen Industrial Park in what appears to be an effort, in part, to convey an alternative narrative to the one that's become popular ...

The debt situation in Africa is changing very quickly as some countries race to negotiate urgent bailouts with the IMF while others are struggling to service their debts amid the ongoing pandemic. Pretty much every country across the continent is struggling ...

China's construction giants are knocking on the doors of development finance agencies in Europe in a bid to find new sources of funding for projects in Africa, according to a report in Global Trade Review. Until recently, Chinese ...

Although China is by far Africa's largest bilateral trading partner with two-way trade this year on track to exceed last year's $187 billion. In the January-August period, according to Vice Commerce Minister Qian Keming, China-Africa trade is up 40.5% to $139.1 billion.

Kenyan President Uhuru Kenyatta used his opening address at a virtual summit of African and Caribbean leaders on Wednesday to issue an urgent plea to fellow leaders that they have to "wake up" to the challenges presented by the pandemic and the worsening debt crisis ...