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When It Comes to the G20’s DSSI, China’s Playing by a Different Set of Rules

There's an enormous disconnect between how the Chinese are approaching the debt crisis in poor countries and the expectations of the world's legacy donors. People like World Bank President David Malpass seem befuddled as to why China is not fully supporting ...

Zambia Gets an Unexpected Reprieve From Bondholders, But Serious Concerns About the Country’s Debts to China Persist

Zambia's private creditors gave the embattled country an additional three weeks to come up with a plan on how to resolve its burgeoning debt crisis. A group of bondholders would have voted yesterday on whether to accept the finance ministry's request for a 6-month repayment ...

China Finally Commits To “Equal Treatment” for All Zambian Creditors. But Why Did It Take Them So Long to Say So?

China's top diplomat for sub-Saharan Africa, Wu Peng, took to his new Twitter account at 8pm local time yesterday in Beijing, to reassure investors and other Zambian stakeholders that the Chinese government supports the principle of "equal treatment" for all creditors. ...

South Africa’s Largest Mobile Telcos Brush Aside U.S. Concerns About Huawei 5G Equipment

Three of South Africa's largest mobile operators do not seem that concerned by U.S. efforts to discourage companies and countries around the world from using equipment made by the Chinese telecom giant Huawei. The companies, Vodacom, MTN, and Rain, all said they're comfortable integrating ...

A Rare China-Africa News Interview on Mainstream U.S. Media

It's downright rare that a mainstream U.S. media outlet like CBS covers China-Africa related issues, especially in the run-up to a presidential election. Yesterday, though, the network ran an interview with Grant Harris, CEO of the political risk advisory firm Connect Frontier, who served as a special ...

China’s Bumbling Debt Communications Hurts Africa

Even though China is a central actor in the burgeoning African debt crisis, it's often hard to tell. Chinese stakeholders in this unfolding drama are notoriously silent when it comes to communicating their positions and signaling to the markets and other governments as to what their intentions ...

Laos and the Chinese Debt Crisis in Africa

The small, impoverished landlocked Southeast Asian nation of Laos is a focal point of China's ambitious Belt and Road Initiative and also emerging a case study in how Beijing is handling a burgeoning debt crisis in the country. ...

Zambian Bondholders Expected to Reject Government’s Request for Repayment Delay

A group of Zambian bondholders is scheduled to meet on Tuesday and is widely expected to vote against the government's request for a six-month repayment holiday on $3 billion of Eurobonds. If that is in fact what happens, then it would likely prompt the government to default ...

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 ...

China’s Rebuilding of TV Stations in Africa is a Great Way of Ensuring Long-term Positive Media Coverage

China's ambassador to Liberia, Ren Yisheng, toured the Liberia Broadcasting System (LBS) facility in Monrovia last week to inspect a $52 million upgrade to the channel that Beijing is funding. Part of the work being done is to facilitate LBS' transition from analog to digital ...
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