Category: Economy

It's not surprising that a lot of people, including the U.S. Secretary of State, remain mistaken in their belief that the Chinese seize physical assets in the event of a loan default, given that it continues to appear in news reports -- including ...

U.S. Secretary of State Antony Blinken revealed yesterday that when it comes to understanding the dynamics of China's engagement in Africa, he really doesn't know very much. When a young person floated him a softball question about how the U.S. plans ...

WAZAM OBANOR: Considering the growth of the Chinese in Africa, will the U.S. be competing with China in Africa -- especially as it pertains to Africa's growth over the next few years? U.S. SECRETARY OF STATE ANTONY BLINKEN: Thank you Wazam, ...

Army General Stephen J. Townsend (photo), the top commander for U.S. forces in Africa (AFRICOM), really wants Americans to pay more attention to what's going on in Africa. "China and Russia don't ignore Africa, and that alone should say something," he said. ...

The National Development and Reform Commission (NRDC), China's top economic planning agency, published a new report on Tuesday, according to the South China Morning Post newspaper, that detailed some of the key challenges confronting Beijing's new 5-year plan, with a particular focus on infrastructure development ...

The Egyptian government is placing a massive bet that Chinese vaccines will open a path out of the pandemic. The Health Ministry on Tuesday announced a deal to purchase an additional 20 million doses from Sinopharm with the first shipments expected to arrive later this ...

The fate of the Masaka Industrial Park in southwest Uganda is now in question after Chinese investors, including the provincial government of Sichuan, pulled out of the project. The Chinese side withdrew after they failed to persuade their Ugandan partners to structure the deal as a joint ...

Like many Ugandans, coffee has always been a huge part of my life. My earliest memories are of helping my parents tend their small coffee garden in the rural village of Kishabya, Sheema district in south-western Uganda. Hilly with rich fertile soils and a tropical rainy season, ...

Chinese pharmaceutical companies have finalized production licensing agreements with seven countries around the world that will enable the production of just under 600 million COVID-19 vaccine doses every year, according to data from Bridge. Bridge notes that at ...

A front-page story on The Guardian newspaper on Wednesday highlighted renewed worries in Nigeria about the country's debts to China.  There was no new information in the story as Chinese lending to Nigeria has remained largely flat over the ...

Concerns over Chinese debt sustainability in Nigeria have resurfaced recently due to the government's jump-starting the construction of a $5.3 billion standard gauge railway that will be built and financed through concessional lending by the Chinese government.  Also, a ...

Algeria announced that it would become the second country in Africa to begin local manufacturing of COVID-19 vaccines. Pharmaceutical Minister Lotfi Benbahmed said on Wednesday that the government will partner with Russia to begin production of the Sputnik V vaccine in September.