Category: Economy
The U.S. State Department Has All But Abandoned the Chinese “Debt Trap” Line, But Pentagon Officials Haven’t
One of the many differences between the Biden State Department and that of his predecessor Donald Trump is that today's U.S. diplomats rarely make any public reference to Chinese "debt traps," very common taking point just a couple of years ago. Inside the State Department, a number ...
Bad Journalism and a Poor Understanding of International Contractual Law Triggers Uproar in Uganda Over Chinese Loans
Officials from both the Chinese and Ugandan governments took to Twitter over the weekend to furiously denounce a report published late last week in the Daily Monitor newspaper, which erroneously claimed that China will seize the Entebbe International Airport as a result of defaulting on ...
FOCAC 8: Building Africa-China Relations That Are More Profitable for Africa
This column was written by CORA, the Collective for the Renewal of Africa, based in Dakar. CORA brings together over 100 researchers and scientists, writers, and artists from across Africa and the diaspora. The Africa-China Summit currently taking place in Dakar will close ...
China’s Growing Role in Multilateral Development Banks
While China has dramatically curtailed its bilateral development financing in Africa and other regions around the world, Beijing is increasing its engagement in multilateral and regional development banks around the world, including the African Development Bank among others. ...
WEEK IN REVIEW: China Issues Travel Warning For Both Nigeria & DR Congo
The Chinese Foreign Ministry issued a travel warning on Monday for its citizens in both Nigeria and the DR Congo and called on its nationals in high-risk areas in both countries to evacuate immediately. Spokesman Zhao Lijian specifically called on Chinese nationals in the eastern DRC provinces of ...
Why African Countries Can’t Rely on China to Fix The Trade Imbalance
It is beyond doubt that two-way trade will feature heavily in next week’s FOCAC ministerial meeting in Dakar, Senegal as China has already announced plans to further open its market for more African products. While this is a welcome move that will go a long way in ...
FOCAC PERSPECTIVES: Relieve the “Pressure Points” in China-Africa Ties By Expanding Trade and People-to-People Ties
Every day leading up to the Forum on China-Africa Cooperation conference on November 29th and 30th, CAP will feature perspectives from journalists, academics, activists, and business leaders about what they hope will emerge from the FOCAC event in Dakar. If you ...
Letter to the Editor: Contrary to Widespread Misperception, China Has Restructured Some of Its Commercial Loans in Africa
Hi Eric and Cobus, I’m writing to follow up on a statement about Chinese debt relief you made in a recent column: …the fact is that China has canceled some zero-interest loans that only ...
Finally, Some Good News For Kenya’s Embattled Standard Gauge Railway
While Kenya struggles to repay billions of dollars of loans to the China Exim Bank used to build the Standard Gauge Railway (SGR), the government is getting a badly-needed boost from higher cargo and passenger volumes. Kenya Railways this week reported ...
FOCAC 8 Preview: The Trade Agenda
Trade issues are widely expected to top the agenda at next week's Forum on China-Africa Cooperation ministerial conference in Dakar. African countries will be looking for China to further widen its market to agricultural and processed raw materials and China is ...
Kenyan Labor Union Calls For Employees of a Chinese State-Owned Contractor to Strike, Police Arrest 5
Members of the Kenya Ceramics Tiles, Wood Ply, and Interiors Designers Workers Union have gone on strike to protest working conditions at construction sites run by the China State Construction Engineering Cooperation (CSCEC). The union submitted a list of 11 grievances (photo) against the company that ...
FOCAC PERSPECTIVES: Appeals For More People-to-People Ties and For Mutual Respect Between Chinese and Africans
Every day leading up to the Forum on China-Africa Cooperation conference on November 29th and 30th, CAP will feature perspectives from journalists, academics, activists, and business leaders about what they hope will emerge from the FOCAC event in Dakar. If you ...