Category: Economy

Very few Chinese companies have been able to generate the kind of goodwill that Chinese telecom giant Huawei enjoys in Kenya and it’s not by chance. When it comes to local employment, the company spans a whole value chain from suppliers, technicians, charitable partners, educators, and academics ...

China-Africa trade figures for the first eight months of the year are in and they look solid. So good, in fact, that the two sides appear on track to surpass last year's $187 billion in two-way trade. But those big numbers ...

Nigeria's President, Muhammadu Buhari, unveiled the country's new digital currency platform, eNaira, on Monday. It is Africa's first virtual currency. The new service will allow Nigerians to make contactless payments, move money between accounts and manage their accounts virtually. Unlike other ...

While global trade experiences unprecedented disruptions of major supply chain networks, that turbulence does not appear to have had much effect on the volume of Chinese trade with African countries, at least so far. Chinese ...

Kenya's gaping trade imbalance with China is typical of many African countries that import significantly more than they export to the Chinese market. This has prompted calls going back years for Africans to reduce their dependency on Chinese imports and manufacture more at home, particularly in the ...

Five years after the state-owned China Communications Construction Company (CCCC) began work on a $200 million upgrade and expansion of Uganda's Entebbe International Airport, project managers say the project is 75% complete. When completed the new cargo terminal will be able ...

Huawei's former premium smartphone brand Honor (now owned by the Shenzhen city government) plans to make a big push in South Africa next year with the opening of three retail stores and distribution deals with the country's major telcos Vodacom, MTN, and Telkom. (TECH ...

The last year or so has seen a constant drip-drip-drip of social media videos showing Chinese managers abusing African workers. The trend has understandably cast a harsh light on Africa-China labor relations. To my mind, the resultant framing of Chinese labor practices in Africa as neo-colonial is ...

The Zambian government owes creditors close to $27 billion, according to new data released by the Finance Ministry on Wednesday. The majority of those debts, $16.86 billion, are owed to foreign creditors and also include half a billion dollars of penalties for late payments. ...

The premiums that investors are charging Ghana to buy its debt have surged six-fold to the highest levels since the beginning of the pandemic, making it a lot more expensive for the country to borrow money from global capital markets. The ...

The eighth iteration of the Forum on China-Africa Cooperation in Senegal reflects the broadening of the relationship to include economic, cultural, security, technological, and health cooperation at a time when Africa becomes more diplomatically important for a post-COVID China. While any ...

Turkish President Recep Tayyip Erdogan arrived in Nigeria on Tuesday, the second leg of his three-nation, four-day tour of Africa. While the primary focus of his visit to Nigeria will be to foster closer commercial ties with Ankara's largest trading partner on the continent, the ...