Category: Uncategorized
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 ...
Tecno’s Response to This Week’s Malware PR Crisis: “Keep Calm and Carry On”
The news that Chinese-owned African mobile phone giant Tecno sold tens of thousands of phones infected with malicious viruses between 2018 and 2019 is now a major international story. CNN, the BBC and dozens of African news outlets have been ...
China’s Soft Power Play in Africa: Rapid Industrial Development
The Chinese embassy in Cameroon posted a short, seemingly innocuous video today that commemorated 40 years of development in Shenzhen, a once-sleepy fishing town near Hong Kong that is now one of the world's leading tech hubs with a population of 13+ million people. ...
Chinese Media Coverage of the Xi-Lungu Call Didn’t Say Anything About Debt Relief But Did Mention the One China Policy
Chinese official news coverage of Monday's call between President Xi Jinping and Zambian leader Edgar Lungu highlighted the stark disparity between the two countries' current political priorities. Neither the Xinhua news agency nor the China Daily ...
Huawei Has Leveraged the COVID-19 Crisis to Enhance Ties With African Governments
Seemingly every week since the beginning of the COVID-19 crisis, has seen a new announcement of a Huawei technology donation to an African government in support of their effort to combat the pandemic. Huawei appears to be skilfully taking advantage of ...