Category: Economy

Researchers at the China-Africa Research Initiative at Johns Hopkins University in Washington, D.C. published a highly-anticipated update on Wednesday to their data sets that track Chinese economic engagement with the continent. The new figures for 2019 can't be summed up in a single, simple narrative. While trade and foreign aid both increased ...

Yesterday marked the first major development we've seen on the debt story in Africa in quite some time. The fact that Angola was the beneficiary was significant, given its outsized position in China's loan portfolio on the continent. Angola alone makes ...

Boston University's Global Development Policy Center published a new infographic that reveals the unequal distribution of Chinese debt around the world. They found that 10 countries account for 60% of China's global development finance. This is especially true in Africa where Angola ...

Investors are becoming increasingly worried that South Africa's recent decision to close 20 land ports will adversely impact the flow of cobalt from mines in the DR Congo to customers in China. President Cyril Ramaphosa on Monday announced a series of new lockdown measures in an effort ...

Chinese creditors have reportedly agreed to grant Angola a three-year debt repayment moratorium, according to the West African country's finance minister Vera Daves de Sousa. Angola is by far China's largest borrower in Africa with an estimated $20 billion of outstanding loans from the ...

During his five-nation Africa tour last week, Chinese Foreign Minister Wang Yi did not focus much attention on the ongoing debt crisis in the handful of countries on the continent that have borrowed heavily from Chinese creditors. That was very disappointing to some observers, including Gyude Moore, ...

"Made in China" once represented the lowest-cost manufacturing in the world. Not anymore. Labor costs have been steadily rising, environmental regulations are much stricter now, and, as of last year, Chinese products exported to the U.S. come with expensive tariffs.

China is upgrading the role of foreign aid and international development in its policymaking according to a new white paper published by the country's immensely powerful cabinet, known as the State Council. The State Council Information Office released ...

On the second stop of his weeklong Africa tour, Chinese Foreign Minister Wang Yi spent a very busy day on Wednesday in Kinshasa, the capital of the Democratic Republic of the Congo, where he met with President Félix Tshisekedi and Foreign Minister Marie Tumba Nzeza. ...

The Business Daily Editorial Board warned the government that the proposed toll road pricing scheme for the new 27km Nairobi Expressway jeopardizes the financial stability of the project and risks creating another "white elephant" like the embattled Standard Gauge Railway. The ...

Analysts Agatha Kratz and Matthew Mingey from the China-focused research firm Rhodium Group challenged the findings of a controversial dataset produced by Boston University's Global Policy Development Center. While Kratz and Mingey agree that lending by China's two major policy banks, the China ...

On January 1, the long-held dream of creating a pan-African free trade zone became a reality with the launch of the Africa Continental Free Trade Area (AfCTA). What makes this project unique, according to Center for Global Development Senior Policy Fellow Gyude Moore, is that this is ...