Category: Economy

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.

Chinese customs authorities granted approvals to 49 Tanzanian soybean companies this week to begin exporting their crop to China. While the opening of this new market could prove to be very lucrative for Tanzanian farmers, it's unlikely that it'll have much impact on China's soybean imports that ...

The G20 is providing developing countries with yet more breathing room to repay their debts. G20 finance ministers and central bank chiefs met yesterday and announced that it would extend the Debt Service Suspension Initiative by another six months from June through December.

A groundbreaking new analysis by researchers in the United States and Germany provides an unprecedented look inside the contracts that China uses to lend billions of dollars to developing countries around the world. The new ...

Egypt will soon become the first country in Africa to locally manufacture a Chinese COVID-19 vaccine, according to Health Minister Hala Zayed (photo). The minister informed the Cabinet yesterday that a deal between Egyptian state-owned pharmaceutical company VASCERA and Sinovac has ...

The U.S. Export-Import Bank disregarded warnings about the worsening security situation in Mozambique and went ahead with a risky $4.7 billion loan for a gas pipeline last year that is now in serious trouble. The bank became the largest creditor on ...

Almost a decade, China passed the United States to become Africa's leading source of foreign direct investment. LSE Senior Visiting Fellow Shirley Ze Yu explains why Chinese companies are looking to Africa for new opportunities and how today's African market is reminiscent of what China ...

Whilst COVID-19 disrupted trade flows across the globe and pushed industries into financial trouble, the South African wine sector has, somewhat remarkably, been spared. This is largely due to wine exports to China soaring by 50% after Beijing enforced a 212% tariff on Australian wines ...

If you’re into curling up with a cup of coffee and an 85-page report on Chinese lending, you can’t go wrong with AidData’s How China Lends: A Rare Look into 100 Debt Contracts with Foreign Governments (PDF). One of the most striking findings in ...

The China-Africa Research Initiative's (CARI) latest report on the downturn in Chinese overseas lending to African governments that was published earlier this week was not well-received in some quarters of Beijing. Song Wei, a well-known Africa analyst who used ...

The release of Wednesday's groundbreaking report that analyzed 100 Chinese state-backed loans to developing countries over a three-year period sparked considerable international media coverage.  While the 77-page report produced by researchers at AidData, the Washington-based Center for Global Development (CGD), ...

A new report provides an unprecedented view into Chinese loan contracts with dozens of governments throughout the Global South. Researchers from AidData, the Kiel Institute, and the Center for Global Development analyzed 100 contracts between Chinese state-owned entities and government borrowers in 24 countries and then compared ...