Category: Economy

Add MacBooks to the growing list of Apple products that the tech giant now plans to produce "Out of China." The Cupertino-based company will reportedly begin manufacturing the laptops in Vietnam in mid-2023, according to Nikkei Asia. Apple is steadily diversifying its ...

There's growing excitement in some corners of Washington, D.C., that Apple's drive to shift production to other countries in Asia is a sign of progress in the ongoing effort to decouple U.S. manufacturing from China. While Apple's directives that its suppliers build ...

The Tanzanian government and an unspecified Chinese contractor signed a $2.2 billion contract on Tuesday to build a 2,561km rail line from Dar es Salaam to the Lake Victoria city of Mwanza. It's important to note that even though Chinese contractors ...

The news that Ghana has defaulted on its external debt is sending shivers through the continent. It immediately raises questions about how the Ghanaian people will overcome the crisis and which country could be next. In response to the default, today’s newsletter examines the debt issue from ...

Ghana announced it will suspend payments on most of its debt to bondholders, other commercial lenders, and foreign governments, officially putting it in default. The announcement comes a week after a staff-level meeting with the IMF and a ratings downgrade. Ghana’s economy is spiraling, with 70%-100% of government revenue going to ...

One of China's most senior Africa diplomats, Special Representative Liu Yuxi, was in Ghana on the same day the country's finance ministry announced it would suspend debt repayments to external creditors. Liu appears to be on a regional tour of West Africa , so ...

As Ghana sinks into debt distress, many are looking to Zambia’s debt restructuring process for clues on how China will feature. Zambia’s President Hakainde Hichilema provided a glimpse into his government’s thinking about Chinese debt at a Council on Foreign Relations event ...

At 12% of Africa’s total external debt, China didn’t cause the current wave of debt distress hitting the continent. But the crisis presents Beijing with a dilemma: should it strongarm these countries to get its money back or trade economic losses for diplomatic gains? ...

The Chinese debt trap narrative was started based on the purported surrender of the Port of Hambantota in Sri Lanka. When Colombo fell behind in its payments to the China Exim Bank for the loan, the story goes, Beijing seized the ...

By Oyintarelado Moses The U.S. showed off its comparative advantage in engaging with Africa during the Africa and Diaspora Young Leaders Forum at last week’s U.S.-Africa Leaders Summit. While sitting in the audience, I observed as the first African American Vice ...

Ecuadorian President Guillermo Lasso will be at the White House on Monday for talks with President Joe Biden. The two leaders reportedly will address a broad range of issues, from Ecuador's appeal for more U.S. support to fight drug cartels to Washington's request for Lasso's administration to ...

Uruguayan President Luis Lacalle Pou came under intense criticism from fellow leaders within the South American trading bloc known as Mercosur earlier this month over his government's moves to strike a free trade agreement with China and to enter the Trans-Pacific Partnership (aka CPTPP) trade ...