Category: Uncategorized
MENA Countries Are Receiving the Bulk of Chinese Vaccines in Africa
Chinese vaccine deliveries to Africa increased by 5 million doses over the past week to 50.8 million jabs, according to the latest data from Beijing-based health consultancy Bridge Consulting's Chinese Vaccine Tracker report. But the distribution of those ...
Rwandan Trade Industry Leaders Urges Businesses To Look Beyond China To Source Imports
Severe shipping disruptions brought on the COVID-19 pandemic have resulted in much higher import costs in Rwanda, especially from China, prompting one industry official to urge businesses to find alternate suppliers. The 10% increase in Chinese imported goods is brought on ...
Wang Yi Wrapped Up Africa Tour With a Quick Stopover in The Seychelles Before Heading Back to Asia
Chinese Foreign Minister Wang Yi wrapped up his annual tour to Africa on Saturday with a quick stopover in the Indian Ocean island state of Seychelles, before heading back to Asia. During his half-day visit to Victoria, Wang met with Foreign Minister Sylvestre Radegonde and later with ...
Africa’s Newest Chinese-Financed and Constructed Railway Begins Operating in Nigeria
The newest Chinese-built railway in Africa is now officially in service following a Tweet on Monday from the office of Nigerian President Muhammadu Buhari that launched the new Lagos to Ibadan line. The $1.59 billion standard gauge railway was
Analyst: When the Chinese Lend Africa Money, It’s a Debt Trap But Not Apparently When Private Creditors Do
Lagos-based policy analyst Ovigwe Eguegu noted a discrepancy in how Chinese debt issuances to Africa are covered by the international media, compared to when those debts are owed to largely U.S/Europe-based private creditors. Eguegu regularly comments on ...
China’s “Cobalt Empire”
China's steadily deteriorating relations with the United States and European Union countries are prompting renewed attention on who controls the supply chains for the strategic minerals, elements, and metals that are essential ingredients in electronics and next-generation technologies. For the past ...
Even the World Bank President Doesn’t Think the DSSI Plan Goes Far Enough
David Malpass isn't that happy with the G20's latest iteration of its Debt Service Suspension Initiative that delays loan repayments an extra six months until June 2021. The World Bank president is calling for more than just a repayment holiday, he also wants to see actual debt ...
ICYMI: The 2020 CARI Conference is Now Available to Watch Online
If you haven't been able to sit in on the China-Africa Research Initiative's ongoing annual conference, the discussions are now available to view online. This year's conference focuses on China-Africa security relations and features a number of prominent scholars and analysts ...
First, Zambia Defaulted on Part of Its Debt, Then Came the Credit Downgrade, Now the Question is What Will China Do?
Zambia's financial situation is rapidly deteriorating following last week's announcement by the government that it would default on $3 billion of Eurobond debt. Soon after, the credit ratings agency Fitch downgraded Zambia's foreign-currency bonds, immediately increasing the cost of borrowing for Lusaka. ...
Nigeria’s President Buhari Responds to Debt Critics: “We Just Have to Take Loans to do Rail, Roads and Power”
President Muhammadu Buhari finally weighed on the debate currently raging in Nigeria over the government's decision to borrow billions of dollars, including from China, to build badly-needed infrastructure. “We have so many challenges with infrastructure. We just have to take loans ...
Debt Relief Helps But It’s Still Not Enough to Offset the Economic Impact of COVID-19
The Beijing-based consultancy Development Reimagined (DR) released a new data set this week that tracks COVID-19 developments in African countries and their economic impact. Their reports and infographics provide a useful companion to the latest news from the Paris Club that Angola will be granted ...
China’s Controversial Territorial Issues Gain Prominence in Beijing Diplomatic Engagement With African Stakeholders
China's territorial issues related to Hong Kong, Taiwan, Xinjiang, and the South China Sea are becoming increasingly prominent topics of discussion when Chinese ambassadors engage with African governments and media. While these so-called "core interests" have always been a part of ...