Category: Economy

The coup in Guinea combined with new indicators that China's economy may be slowing is contributing to a period of considerable turbulence in global metals markets as investors try to gauge the impact of these trends on Chinese demand for bauxite, copper, and iron ore:

 "The outcome of the coup attempt is unclear, but the political turmoil offers a test for this relatively new supply chain. Investors need to mull a range of possibilities, from a relatively peaceful power transfer in Conakry that preserves the bauxite status quo, to more disruptive scenarios ...

So far, Guinean bauxite exports to China appear unaffected by last Sunday's coup and policymakers in Beijing are no doubt hoping it stays that way. They would like to avoid having to turn to Australia for further supplies of the critical metal used to manufacture aluminum.

London metal traders will be keeping a close eye on the price of aluminum today after it moved higher on Monday following this weekend's coup in Guinea, one of the world's largest producers of bauxite -- a key aluminum ingredient.  Soon ...

Guinea may be small and far away, but what happens there is critically important to metals manufacturers in China who depend on key ingredients from this West African country to produce huge quantities of aluminum and, eventually, steel. BAUXITE: China relies ...

Kenya’s Cabinet Secretary in the Treasury, Ukur Yatani defended the government’s recent borrowing spree and urged citizens not to worry about debt since the government has a repayment plan. “If you want fast development you have to borrow. It would take us ...

A growing number of Kenyans are becoming increasingly incensed with Attorney General (AG) Kihara Kariuki for his determination to challenge activists’ demands in court for disclosure of the $3.2 billion Standard Gauge Railway (SGR) contract with China. The move didn’t go down well with ...

Newly-elected President Hakainde Hichilema's brief honeymoon with the international financial community may have come to an end on Wednesday when he publicly acknowledged what's long been suspected: that Zambia's hidden debts are far more extensive than what's been publicly disclosed.  Zambia’s ...

China successfully completed its first test run of an important sea-road-rail trade route that connects the Port of Yangon in Myanmar to the Sichuan provincial capital of Chengdu in southern China. A shipment arrived from Singapore at the capital ...

From Sierra Leone to the DR Congo and now Rwanda, videos of Chinese managers viciously beating local employees is becoming a trend, with new clips appearing on social media channels every few weeks. The ...

Chinese foreign direct investment in Africa increased by 8% in 2020 compared to the previous year, from $2.7 billion to $2.96 billion. Including the 2020 investments, the total Chinese FDI on the continent amounts to $47.4 billion, according to data in a new report published by the ...

When the Chinese-owned African mobile money app OPay wrapped up a massive $400 million investment round led by Japan's Softbank and a who's who of Chinese venture capital firms, the magnitude of what happened hadn't really registered. Those investors now value ...