Category: Economy

U.S. Senate Majority Whip Dick Durbin published a press release on Monday that touted a new bipartisan bill that aims to increase U.S. exports to Africa. The "Increasing American Jobs through Greater Exports to Africa Act" is ostensibly about America's steadily declining trade volume with ...

This weekend's signing of a highly-anticipated 25-year security and economic cooperation agreement between China and Iran was met with predictable anxiety in Washington and European capitals. The pact, signed by the visiting Chinese Foreign Minister Wang Yi and his Iranian counterpart Mohammad Javad Zarif, calls for cooperation ...

The ongoing COVID-19 pandemic is among the greatest challenges facing the global community today. While Ethiopia has had an overall successful response to the pandemic with a low rate of infections and deaths, the country has been negatively affected by global trends. According to the World ...

The International Monetary Fund may issue new Special Drawing Rights (SDR) that would provide $650 billion to its members, the bulk of which is intended to go to the world's poorest countries to help mitigate the impact of the ongoing economic downturn.

The popular perception of China's steadily growing presence in Africa has long been viewed with skepticism among France's political, media, and academic elites who have historically regarded the continent, particularly francophone countries, as a traditional sphere of influence. Most analysis and ...

The latest tracking data of Chinese COVID-19 vaccine sales and donations around the world by the Beijing-based consulting firm Bridge reveal an interesting distribution around the world that appear to align closely with China's broader geopolitical priorities. ASEAN: Distribution ...

The recent visit to Zambia by China's top foreign policy official Yang Jiechi highlights the outsized importance Lusaka plays in Beijing's broader Africa strategy. Relations between the countries are among China's oldest on the continent, dating back to the anti-colonial struggles ...

Chile, in recent years, has been very successful in attracting large amounts of Chinese investment in the country's copper and lithium mining sectors, agriculture, and more. So, successful in fact that it's sparked growing concern among lawmakers about the risks of Chinese ownership of key strategic sectors ...

China's enormous size affords it tremendous advantages in its relations with smaller countries, particularly developing states in the global south. Beijing regularly leverages its huge economy, growing military power, and diplomatic muscle in international organizations to both cajole and even coerce ...

Kenya's Treasury Cabinet Secretary Ukur Yattani denied, again, on Monday that the Port of Mombasa could be handed over to China in the event that Kenya Railways is unable to repay its SGR debt. Yattani responded to a front-page story in The Star ...

Kenya needs to invest even more money into the embattled SGR if the railway has any chance of becoming financially self-sufficient to the point where it can repay its Chinese creditors, according to an editorial in today's The Star newspaper. For ...

Recent reports of the debt trap’s death might have been exaggerated. Like a vampire that just won’t die, we keep burying it, but it keeps rising from the coffin. This week we saw reports that Kenyan politicians had to clarify again that the Mombasa port itself ...