Category: Economy

The Egyptian government is placing a massive bet that Chinese vaccines will open a path out of the pandemic. The Health Ministry on Tuesday announced a deal to purchase an additional 20 million doses from Sinopharm with the first shipments expected to arrive later this ...

The fate of the Masaka Industrial Park in southwest Uganda is now in question after Chinese investors, including the provincial government of Sichuan, pulled out of the project. The Chinese side withdrew after they failed to persuade their Ugandan partners to structure the deal as a joint ...

Like many Ugandans, coffee has always been a huge part of my life. My earliest memories are of helping my parents tend their small coffee garden in the rural village of Kishabya, Sheema district in south-western Uganda. Hilly with rich fertile soils and a tropical rainy season, ...

Chinese pharmaceutical companies have finalized production licensing agreements with seven countries around the world that will enable the production of just under 600 million COVID-19 vaccine doses every year, according to data from Bridge. Bridge notes that at ...

A front-page story on The Guardian newspaper on Wednesday highlighted renewed worries in Nigeria about the country's debts to China.  There was no new information in the story as Chinese lending to Nigeria has remained largely flat over the ...

Concerns over Chinese debt sustainability in Nigeria have resurfaced recently due to the government's jump-starting the construction of a $5.3 billion standard gauge railway that will be built and financed through concessional lending by the Chinese government.  Also, a ...

Algeria announced that it would become the second country in Africa to begin local manufacturing of COVID-19 vaccines. Pharmaceutical Minister Lotfi Benbahmed said on Wednesday that the government will partner with Russia to begin production of the Sputnik V vaccine in September.

Chinese customs authorities granted approvals to 49 Tanzanian soybean companies this week to begin exporting their crop to China. While the opening of this new market could prove to be very lucrative for Tanzanian farmers, it's unlikely that it'll have much impact on China's soybean imports that ...

The G20 is providing developing countries with yet more breathing room to repay their debts. G20 finance ministers and central bank chiefs met yesterday and announced that it would extend the Debt Service Suspension Initiative by another six months from June through December.

A groundbreaking new analysis by researchers in the United States and Germany provides an unprecedented look inside the contracts that China uses to lend billions of dollars to developing countries around the world. The new ...

Egypt will soon become the first country in Africa to locally manufacture a Chinese COVID-19 vaccine, according to Health Minister Hala Zayed (photo). The minister informed the Cabinet yesterday that a deal between Egyptian state-owned pharmaceutical company VASCERA and Sinovac has ...

The U.S. Export-Import Bank disregarded warnings about the worsening security situation in Mozambique and went ahead with a risky $4.7 billion loan for a gas pipeline last year that is now in serious trouble. The bank became the largest creditor on ...