Category: Economy

Zambian President Hakainde Hichilema (photo) called for a review of the country's mining policies on Friday in his first address to parliament since he assumed office last month. But for now, he's not proposing a Congolese-style review of foreign ...

TWEET TRANSLATION: China-DRC trade totaled $7.76 billion in the first seven months of the year, up 97% year-on-year, and the Congolese side recorded a trade surplus of $4.75 billion. During this period, Chinese companies invested $198 million in the DR Congo.

Hunan province is now among the key hubs in China for African trade and increasingly it appears to be positioning itself as a larger BRI trading center. Hunan trade with BRI countries is up 20% year-on-year to $16.5 billion in the January-August period.

China's recently-arrived ambassador to Uganda, Zhang Lizhong, travelled to the central city of Kapeeka on Sunday to visit factories in the Liaoshen Industrial Park in what appears to be an effort, in part, to convey an alternative narrative to the one that's become popular ...

The debt situation in Africa is changing very quickly as some countries race to negotiate urgent bailouts with the IMF while others are struggling to service their debts amid the ongoing pandemic. Pretty much every country across the continent is struggling ...

China's construction giants are knocking on the doors of development finance agencies in Europe in a bid to find new sources of funding for projects in Africa, according to a report in Global Trade Review. Until recently, Chinese ...

Although China is by far Africa's largest bilateral trading partner with two-way trade this year on track to exceed last year's $187 billion. In the January-August period, according to Vice Commerce Minister Qian Keming, China-Africa trade is up 40.5% to $139.1 billion.

Kenyan President Uhuru Kenyatta used his opening address at a virtual summit of African and Caribbean leaders on Wednesday to issue an urgent plea to fellow leaders that they have to "wake up" to the challenges presented by the pandemic and the worsening debt crisis ...

The coup in Guinea combined with new indicators that China's economy may be slowing is contributing to a period of considerable turbulence in global metals markets as investors try to gauge the impact of these trends on Chinese demand for bauxite, copper, and iron ore:

 "The outcome of the coup attempt is unclear, but the political turmoil offers a test for this relatively new supply chain. Investors need to mull a range of possibilities, from a relatively peaceful power transfer in Conakry that preserves the bauxite status quo, to more disruptive scenarios ...

So far, Guinean bauxite exports to China appear unaffected by last Sunday's coup and policymakers in Beijing are no doubt hoping it stays that way. They would like to avoid having to turn to Australia for further supplies of the critical metal used to manufacture aluminum.

London metal traders will be keeping a close eye on the price of aluminum today after it moved higher on Monday following this weekend's coup in Guinea, one of the world's largest producers of bauxite -- a key aluminum ingredient.  Soon ...