Category: Economy

One of the original China in Africa memes that still endures today among many people on the continent is that the "Chinese want to colonize Africa" and want to "invade" the continent using a mix of debt traps, trade dependency, and immigration.

With the launch of the G7's new "Build Back Better World" initiative (B3W) that aims to distinguish itself from China's Belt and Road Initiative (BRI) by channeling private sector capital to build infrastructure in developing countries, three senior leaders in the International Monetary Fund's ...

The chief economist at China's largest bank, the International Commercial Bank of China, and one of the world's largest financiers of fossil fuel projects said the bank will begin to phase out support for coal power projects.  Zhou Yueqiu told a ...

Nigerian Transportation Minister Rotimi Amaechi made the rounds of national TV news channels to promote Tuesday's official launch of the Chinese-built Lagos to Ibadan Standard Gauge Railway service. In an interview with Arise TV, Rotimi fielded a ...

Leaders from the Group of Seven (G7) richest democracies unveiled a highly-anticipated plan over the weekend for how they intend to counter China's Belt and Road Initiative and stem Beijing's growing influence in Africa and other developing regions. The ...

The slowdown in Chinese infrastructure development lending in Africa is on vivid display in Nigeria, where the country's Transportation Minister acknowledged that he's no longer counting on Beijing to finance a pair of multi-billion railway projects, according to a Bloomberg report. ...

Securing reliable supplies of cobalt and other strategic materials from places like the Democratic Republic of the Congo featured prominently in a new White House report that aims to counter China's dominance in this area. The timing of the report, however, comes just as Apple is reported ...

China's total vaccine deliveries to Africa increased slightly over the past week by just 300,000 doses to 20.3 million, according to the latest data from the vaccine tracking reporting compiled by the Beijing-based Bridge Consulting. Asia remains the ...

Judd Devermont, director of the Africa program at the Center for Strategic and International Studies in Washington, noted in his daily Africa history Tweet that U.S. anxiety about Chinese infrastructure development in Africa is not a new phenomenon. In fact, as he remarked on Monday, ...

The world's leading automakers are making much faster progress than anticipated in moving away from electric vehicle batteries that contain cobalt. VW, Tesla, and the Chinese EV giant BYD (the world's second-largest EV maker) have all either developed new cobalt-free batteries or are in late-stage development.

The 6-month debt deferral deal that Kenya secured with China back in January under the auspices of the G20 is now coming to an end and the government will either have to come up with almost a billion dollars to begin loan payments or negotiate ...

There's ample evidence of a sharp decline in Chinese lending to developing countries, specifically in Africa. But that doesn't mean that China is out of the development financing game altogether.  Zainab Usman, director of the Africa Program at Carnegie Endowment for ...