Category: Economy

The day-long Summit on the Financing of African Economies wrapped up in Paris on Tuesday and left a lot of people scratching their heads wondering what exactly was the purpose of the gathering. Unlike Monday's event that focused on Sudanese debt ...

One by one, French President Emmanuel Macron on Monday greeted a stream of Africa's most powerful leaders to the Elysée Palace in Paris with a mix of COVID-friendly fist bumps, elbow jabs, and awkward shoulder pats. The heads of state along with top officials from ...

The Fifth annual Silk Road International Exposition ended on Saturday in the northwestern Chinese city of Xi'an where officials announced that $24.6 billion worth of investment deals were reportedly signed during the five-day event. In all, organizers say 72 ...

DR Congo President Étienne Tshisekedi ventured to the heart of the country's cobalt mining territory to personally deliver a warning to foreign investors (read Chinese) that unfair mining contracts are going to be re-negotiated. On Thursday, the president traveled to the city of Kowlezi in the southern ...

China is rapidly closing in on 400 million doses of COVID-19 vaccines administered domestically, at a stunning pace of 14 million per day. All those domestic vaccinations means that China has fewer jabs to export abroad. While international shipments have slowed considerably ...

Geely, China's largest independent automaker, launched its new Coolray SUV in Nigeria in what's become a big push by Chinese auto companies to expand their presence in Africa. The SUV category is especially popular, as evidenced by the strong performance in South ...

There's been widespread speculation over the past year that China wants to develop new iron ore supply chains in Africa so it can stop buying from Australia in response to steadily worsening ties between the two countries. While there've been indications ...

Colm Imbert (photo), finance minister of Trinidad & Tobago (TT), revealed this week that one of the terms in a new $204 million loan contract with China permitted the small Caribbean island state to purchase COVID-19 vaccines. The ...

Months after news broke that China had entered into the global cocoa market with an initial delivery of 500 kilograms of beans shipped to Belgium from the southern island of Hainan, Ghanaians are still trying to figure out whether they have reason to be ...

Ralph Mupita, head of the largest pan-African telecom group MTN, wants his South Africa-based telco to draw inspiration and attract more investment from China.  On the investment side, Mupita recently partnered with the Chinese state-back Silk Road Fund that funnels ...

DR Congo President Félix Tshisekedi apparently wants to renegotiate some of the contracts that his predecessor, Joseph Kabila, signed with the Chinese, according to a report by Africa Intelligence.  Argentina too, like the DRC, tried to ...

Zambia's presidential election campaign is now shifting into high gear following last weekend's nomination of President Edgar Lungu as the ruling Patriotic Front's candidate. Meantime, the country's main opposition leader, the United Party for National Development's Hakainde Hichilema (photo), indicated that he's ...