Category: Economy

While Japan, France, and Kenya's other major bilateral creditors are all giving Nairobi some breathing room during the ongoing pandemic in the form of reduced debt servicing payments, that is not the case with China. Last quarter, the Treasury transferred $266 million to Chinese creditors, mostly to ...

One of the key takeaways from the recent Forum on China-Africa Cooperation (FOCAC) conference that took place in Dakar last month is that, unlike previous FOCACs, there's very little consensus over whether the event signaled that China's backing away from Africa or deepening its commitment to the ...

With shipping containers in critically short supply, the cost of sending goods from China to South Africa has surged from $1,000 a container to $8,000. It's a similar story in Southeast Asia, where container prices have tripled to $3,000 each.

Chinese and Ugandan officials were on hand Wednesday to watch the first truck manufactured by the Uganda Automotive Group (UAG) roll off the assembly at the Namanve Industrial Park in central Uganda. The new factory is a partnership between UAG and China's ...

The ongoing supply chain disruptions are having a profound impact on the types of goods that consumers in Africa and other Global South countries can access. It used to cost just $1,000 per container to ship low-cost socks, shoes, electronics, and other ...

The Chinese government and state media have picked up on the controversy that erupted last week when Professor Deborah Brautigam, director of the China-Africa Research Initiative at Johns Hopkins University, complained on Twitter that the BBC had edited her comments on allegations of 'Chinese debt-trap ...

One of the intriguing results of last week’s FOCAC meeting has been a narrative pushed by key English-language publications that it represents a reduction in Chinese engagement with the continent. Bloomberg set the tone in its initial report which counted the sums mentioned in President Xi Jinping’s speech and ...

China was the leading source of foreign direct investment in Africa from 2016 to 2020 in terms of both jobs and capital invested, but third behind the United States and France in terms of the number of projects, according to Ernst & Young (EY)'s ...

The editors at Nigeria's Punch newspaper are apparently still unaware that the story about Uganda's Entebbe International Airport being seized by China as part of a debt default is not true. If they knew that the rumor had been conclusively debunked, ...

Zambian President Haikainde Hichilema (photo) got the news he was hoping for on Friday when the International Monetary Fund announced that it had granted preliminary approval for a $1.4 billion, three-year credit facility to the economically beleaguered country. President Hichilema's government ...

The last two weeks' uproar over (unfounded) allegations that Uganda will forfeit the Entebbe International Airport is finally winding down. It's making way for a more nuanced, thoughtful discussion on the implications of Chinese loans to East African countries. Economist and ...

The British Broadcasting Corporation (BBC) apologized to Professor Deborah Brautigam, director of the China-Africa Research Initiative at Johns Hopkins University, for editing an interview she did with the network last week in such a way that it sounded like she was a proponent of ...