Category: Economy

A well-known Nigerian chieftain in Lagos bestowed honorary chieftaincy titles on three foreign nationals and nine Nigerians earlier this month to commend them for their contributions to economic development in Lagos and Nigeria as a whole. The story largely ...

Chinese defense contractors are making further inroads into the Angolan market. The state-owned China National Aero-Technology Import & Export Corporation (CATIC) signed an $85 million deal to provide the Angolan defense sector with a “supply of equipment, military means and assistance services.” CATIC is already a big player ...

Senegal is following China's lead in pursuing a new "digital sovereignty" initiative that will require all government data and digital platforms on foreign servers to be stored in a new national data center. "We have to rapidly repatriate all national data hosted out of the country,” 

Chinese President Xi Jinping has reportedly agreed in principle to reschedule the Republic of Congo's debts to Beijing in a move that will presumably pave the way for a half-a-billion dollar IMF rescue package to take effect. President Xi made the ...

Leading U.S. think tanks including CSIS and international media outlets like the Financial Times have settled on a narrative that the sharp reduction in Chinese overseas development lending provides the clearest evidence to date that China's Belt and Road Initiative is "pulling back" ...

This week's launch of the new Lagos to Ibadan Standard Gauge Railway may be the last time for a long while that a big multibillion dollars infrastructure project like this is built in Africa using Chinese loans. Chinese development ...

One of the original China in Africa memes that still endures today among many people on the continent is that the "Chinese want to colonize Africa" and want to "invade" the continent using a mix of debt traps, trade dependency, and immigration.

With the launch of the G7's new "Build Back Better World" initiative (B3W) that aims to distinguish itself from China's Belt and Road Initiative (BRI) by channeling private sector capital to build infrastructure in developing countries, three senior leaders in the International Monetary Fund's ...

The chief economist at China's largest bank, the International Commercial Bank of China, and one of the world's largest financiers of fossil fuel projects said the bank will begin to phase out support for coal power projects.  Zhou Yueqiu told a ...

Nigerian Transportation Minister Rotimi Amaechi made the rounds of national TV news channels to promote Tuesday's official launch of the Chinese-built Lagos to Ibadan Standard Gauge Railway service. In an interview with Arise TV, Rotimi fielded a ...

Leaders from the Group of Seven (G7) richest democracies unveiled a highly-anticipated plan over the weekend for how they intend to counter China's Belt and Road Initiative and stem Beijing's growing influence in Africa and other developing regions. The ...

The slowdown in Chinese infrastructure development lending in Africa is on vivid display in Nigeria, where the country's Transportation Minister acknowledged that he's no longer counting on Beijing to finance a pair of multi-billion railway projects, according to a Bloomberg report. ...