Category: Economy

Global financial markets are telegraphing their relief that Zambian opposition leader Hakainde Hichilema decisively won last week's presidential vote and that he'll now have the necessary mandate to bring an end to the country's worsening debt crisis. Both Zambia's kwacha and ...

Few issues in the China-Africa relationship are as old or as contentious as that of labor. Accusations that Chinese companies prefer to hire their own unskilled laborers and then mistreat the local employees they do hire are among the widely believed perceptions about Chinese labor practices in ...

Many of Africa's already embattled economies are bracing for more pain as the rapidly spreading Delta variant provokes new disruptions to the global trading system and encourages bond investors to flee emerging markets for shelter in U.S. government debt. ...

Hakainde Hichilema's decisive election victory to become the eighth president of Zambia in the post-colonial era is a gust of good news that Africa and the world at large badly needed. His win is an endorsement of democracy in a region where we've seen so many other ...

Ballots are now being counted in Zambia's general election that took place on Thursday. Presidential incumbent Edgar Lungu faces opposition leader Hakainde Hichilema in a contest that has been too close to call for weeks.  While Zambia's beleaguered economy and surging debt ...

Many Kenyans were excited about plans to build a modern railway across the country linking the port city of Mombasa and Malaba town on the Kenya-Uganda border. It was touted as a game-changer; the key to unlocking not just Kenya’s economic takeoff, but that of the entire ...

Container ships are stacking up off the coast of eastern China today after authorities closed the massive Ningbo-Zhoushan port following the confirmation that several employees there tested positive for COVID-19. 28 vessels were idling ...

More information is emerging about the pioneering deal announced last week to open the Chinese market to Rwandan dried chili exporters. Rwandan agribusiness entrepreneur Dieudonné ‘Diego’ Twahirwa (photo) signed a contract with the food importer Chinese GK International Enterprises to ...

Every year, Chinese consumers discard 26 million tons of used clothing. Much of it goes into landfills, some is incinerated and others are finding their way into developing markets like Africa, where shirts emblazoned with Chinese characters are apparently becoming more fashionable.

Afristar, a subsidiary of the state-run China Road and Bridge Corporation, informed Kenya Railways that if it wants the May 2022 handover of the Mombasa to Nairobi Standard Gauge Railway to be completed on time, it'll first have to pay off its debts, according ...

The recent proposal in Kenya's National Assembly to ban imported fish from China has sparked a lively discussion about how to simultaneously enhance the country's food security while bolstering the livelihoods of Kenya's embattled fishing communities. Agriculture Cabinet Secretary Peter Munya ...

Conservative media outlets in the United States are using China's dominance in key strategic resource markets, particularly materials used to manufacture EV batteries, as a new vector in their partisan battle against efforts to reduce carbon emissions. Former Trump administration official ...