Category: Economy
Popular American YouTuber Condenses China-Africa Relations Into a Slickly Produced 15 Minute Video
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 ...
Almost a Third of the World’s Cobalt, Mostly From the DRC, Went to China Last Year
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 ...
China Controls 90% of the World’s Manganese Market, Another Strategic Ingredient for Electric Vehicle Batteries
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 ...
Egypt Poised to Begin Vaccine Manufacturing After First Batch of Raw Materials Arrived From China
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.
How Can African Countries Export More Agriculture to China?
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 ...
Who is the Bigger Official Lender in Africa: China or the World Bank?
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 Backs Reallocation of IMF Funds to African Countries
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 ...
Ghana President Akufo-Addo Calls For the Cancellation of All African Debts
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 President Mohamed Bazoum Criticizes “Western Complaining” About Chinese and Turkish Investment in His Country
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 ...
So, What Exactly Did Emmanuel Macron Accomplish With His African Finance Summit? Nothing Substantive.
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 ...
Macron’s Africa Summit is a Good Start, But Nowhere Near Good Enough
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 ...
$25 Billion of Deals Signed During Annual Silk Road Forum in China
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 ...