Category: Economy
“I Have Had Enough!” DRC President Étienne Tshisekedi Hints He’s Ready to Take on Chinese Investors Over Unfair Contracts
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 ...
As Chinese Vaccines Exports Continue to Slow, Local Production Around the World Steadily Increases
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 ...
Chinese Automakers Are Making New Inroads Across Africa
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 ...
Veteran China Journalist Warns That China is Looking to Eventually Replace Australian Iron Ore With Suppliers in Brazil and Africa
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 ...
Debt & Doses: Trinidad & Tobago Borrows Money From China to Pay For Chinese COVID-19 Vaccines
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 ...
3 Reasons Why Ghana Should be Anxious About China’s Entry Into The Cocoa Market
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 ...
South African Telco CEO Ralph Mupita is Looking to China For Both Ideas and Cash
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 ...
The DRC Wants to Renegotiate Some of Its Chinese Contracts. Hopefully, for Their Sake, They Read the Fine Print.
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 ...
As Zambia’s Presidential Election Campaign Heats Up, China Isn’t an Issue…Yet
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 ...
A New Chinese-Built Road in Nigeria Highlights Why Infrastructure is So Important For Local People and, More Importantly, Politicians
Both truckers and workers are celebrating the opening of a new, modern road that leads to the Ogun-Guangdong Free Trade zone in western Nigeria. The recently opened road has dramatically improved transport times for cargo and made it much easier for thousands of workers to get to ...
Why This Chinese Factory Video is Causing Quite a Stir on Social Media in West Africa
A Chinese factory video where a young woman demonstrates how to convert raw cassava into fully processed gari has created quite a bit of buzz in Nigeria and Ghana where gari is a popular indigenous food. Ghanaian entertainment and lifestyle social ...
When It Comes to Deforestation, There’s Plenty of Blame to Go Around
The NGO collective Forests and Finance released a new study today showing that investments by Chinese banks make it the world’s second-largest funder of projects linked to tropical deforestation. Analyzing data from financial databases and company publications, the study found that between 2016 and 2020, Chinese ...