Category: Economy

Joseph Boahen Aidoo (photo) is working hard to allay fears among Ghanaian farmers that China's (still very small) emergence as a cocoa exporter is not a threat to their livelihoods.  The CEO of the Ghanaian Cocoa Board, a group that represents ...

Uganda, like many African countries, suffers from an enormous trade deficit with China. Last year, according to UN figures, Uganda exported just $40 million worth of goods to China but imported more than $1.3 billion in return. The government in Kampala ...

The Chinese-backed African fintech platform OPay is reportedly in talks with investors to raise as much as $400 million at a valuation of more than $1.5 billion, according to a report in The Information. That valuation, by the way, is three times higher than the ...

Popular current affairs YouTuber American YouTuber Johnny Harris (1.42 million subscribers) dedicated a recent episode of his show to exploring Chinese engagement in Africa. For those with a more sophisticated understanding of the topic, it will be easy ...

32% of the world's cobalt output went to China, according to the latest annual report published by The Cobalt Institute, an industry-financed organization. In addition to being the largest consumer of cobalt, China is also the dominant producer of refined cobalt that is used ...

Governments and automakers in the U.S., Europe and Asia have become steadily concerned in recent years over China's dominance of the strategic minerals and metals supply chains that are used to manufacture batteries for electric vehicles. Their primary concern ...

Egyptian Health Minister Hala Zayed and Chinese ambassador Liao Liqiang were at Cairo's international airport on Friday to witness the arrival of 1,400 liters of vaccine components that will be used to produce 2 million doses of Sinovac vaccine before the end of June.

I was recently out shopping in Hangzhou to buy a bottle of wine as a birthday gift for a friend. Now, I’m no wine connoisseur, so admittedly I struggled to pick one. But while scanning the shelves, I spotted a bottle from South Africa. It struck me ...

In an oft-cited 2019 working paper titled “China’s Overseas Lending,” we read that China has become the world’s “largest official creditor, easily surpassing the IMF or the World Bank…” Is this true in Africa (All references to Africa in this article refer to all of Africa, ...

China answered France's call to support the reallocation of billions of IMF funds that will come from an issuance of $650 billion in new Special Drawing Rights, according to a Foreign Ministry summary of remarks made by Vice Premier Han Zheng at this week's Franco-African ...

Ghanaian President Nana Addo Dankwa Akufo-Addo issued an urgent call for immediate economic relief, including the total cancellation of all debts owed by African countries, during his address on Tuesday at the Summit on Financing African Economies. Without the ‘fiscal room to breathe,’ Africa could truly become ‘the forgotten continent, ...

Niger's President Mohamed Bazoum criticized the media for creating the impression that the west African country is beset by security challenges and not a safe place to invest. He said in an interview with ...