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Zambia Expected to Finalize Debt Restructuring Deal By the End of the Month

Zambia appears to be edging closer to a debt restructuring deal with its official creditors. Insiders tell Reuters it could happen sometime in July. Some sort of arrangement between the Zambian government and the Franco-Chinese-led Creditor Committee would be a major breakthrough. ...

Maritime Issues Could Headline the Next High-Level Chinese Tour of Africa

China's most senior diplomat for Sub-Saharan Africa announced that Special Representative on African Affairs, Xu Jinghu, has kicked off an 8-nation African tour. The Foreign Ministry hasn't provided any information about her visit besides the itinerary (thanks to this map). Prominent Africa-China ...

Reports: Saudi Arabia Eyeing Chinese Stealth Fighter Jets

It appears that sources within the Saudi Arabian Royal Air Force are leaking information about their apparent interest in acquiring and possibly even manufacturing FC-31s, China's most advanced stealth fighter jet. Saudi news reports also indicate that the Chinese are also ...

Q&A: China’s DRC Envoy Says Beijing Open to Cooperate With U.S. in Congo

In 2021, Sino-Congolese relations were somewhat shaken when two major Chinese investments in the mining sector in D.R. Congo were questioned and investigated by NGOs and Congolese authorities. The Sicomines project was the target for some of this criticism. The ...

It Was a Bad, Very Bad Week For Chinese Mining in Africa

Two of China's largest and most important mining ventures in Africa encountered major problems this week. In Guinea, the government shut down the Sino-Australian joint venture to operate the massive Simandou iron ore mine, a major blow to Beijing's ambitions to ...

WEEK IN REVIEW: Chinese Foreign Direct Investment in BRI Countries Jumped 10.2% in the First Five Months of the Year

Chinese foreign direct investment in BRI countries jumped 10.2% to $8.2 billion in the first five months of the year, according to new data from the Chinese government. Singapore, Indonesia and Pakistan were among the top FDI destinations in 2022. But the news wasn't so good for Chinese ...

It’s Been a Downright Terrible Week For Two of China’s Most Important Mining Ventures in Africa

Two of China's largest and most important mining ventures in Africa, one in Guinea and the other in the Democratic Republic of the Congo, face the real possibility of being shut down after years of contentious relations with their local partners. ...

Forget Cobalt, Lithium is the Key Strategic Resource

Tesla's across-the-fleet price increase this month was due in part to supply constraints of key metals used to manufacture electric vehicle batteries, specifically lithium.   While the price of cobalt and nickel have steadily fallen this year due to ample supplies from places ...

U.S. Tries to Stem the Flow of Iranian Oil to China

The United States government on Wednesday imposed new sanctions against Iranian oil companies and the network of firms that help facilitate the flow of Iranian crude to markets in East Asia, specifically China. Every year, millions of barrels of oil are effectively ...

Algeria to Purchase Chinese Armed Drones

The Algerian military is reportedly in talks with China Aerospace Science and Industry Corporation (CASIC) to purchase four of the company's WJ-700 Falcon armed reconnaissance drones, according to Algerian press reports. Algiers hopes the drones will help improve the air power balance ...

Kenya’s Latest Economic Data is a Warning to Other Developing Countries With Large Chinese Debts and Trade Deficits

Kenya’s National Bureau of Statistics (KNBS) released grim new data this week that highlights the acute problems confronting developing countries with large Chinese trade deficits and debts, both of which increased substantially: TRADE: The country’s trade deficit with China surged ...

Chinese Tech and Mining Companies Team Up to Build First 5G Connected Mine in Southern Africa

The South African subsidiary of Chinese mining giant Zijin will build southern Africa's first-ever 5G connected mine using Huawei technology. South Africa Zijin Platinum contracted with SA telco major MTN to build the Huawei network at the Limpopo mine in northern ...
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