Country: China
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Chinese Mining Giant Denies Media Reports Its Mining Contracts in the DRC Are Under Investigation
China Molybdenum Co. (aka China Moly), the world's second-largest copper and cobalt mining company, has denied reports that its contracts for the massive Tenke Fungurume Mine (TFM) in the Democratic Republic of the Congo are now under review by the government in Kinshasa. There is no "so-called investigation,"
China Plans to Ramp Up Digital Engagement in Africa
The Chinese government announced new plans this week to increase engagement in Africa's tech sector by expanding partnerships in a number of areas including digital economy, smart cities, and 5G mobile communications. “China will share the achievements of digital technology with Africa to ...
New Paper Calls For the Creation of a China-Africa Digital Currency Trading Hub
With cryptocurrencies becoming more popular around the world, China is now moving quickly to establish its own digital currency as a global standard, particularly in emerging markets like Africa where the mobile payment sector is booming. Early on, Beijing outlawed the ...
Don’t Blame Cheap Chinese Imports For Destroying Nigeria’s Textile Industry: It’s Our Fault, Say Industry Leaders
Nigeria's once-thriving textile sector is now fast disappearing due largely to competition from Chinese imports. But don't blame the Chinese, said Mansur Ahmed, president of the Manufacturers Association of Nigeria, who puts a lot of the responsibility for the industry's demise squarely at the ...
Fake… Pathetic… Losers… Liars… All in a Single Raging Chinese Diplomatic Tweet
The Chinese embassy in Zimbabwe has proved yet again how easy it is to provoke them into a furious froth on Twitter. The embassy took aim at well-known Zimbabwean journalist Hopewell Chin’ono who re-tweeted a truly mediocre article by ...
Hichilema May Find Out Getting Elected Was the Easy Part, Fixing Zambia’s Debt-Ridden Economy Will Be a Lot Harder
A peaceful transfer of power took place in Lusaka on Tuesday when opposition leader Hakainde Hichilema (photo) became Zambia's seventh president in the post-colonial era. President Hichilema made clear right from the start that the economy, specifically reducing the country's heavy debt load, will be ...
Q&A: Why Banning Chinese Fish Imports Is Not a Good Idea in Kenya
Soon after reports emerged that Kenya’s Agriculture Committee in parliament proposed legislation that would restrict Chinese fish imports into the country, Safina Musa, a fisheries scientist at the Kenya Marine and Fisheries Research Institute, called for a reconsideration of the plan in a column she ...
African Oil Exports to China Plunge in July
China's crude oil imports from Africa fell sharply last month with demand expected to remain flat through the third quarter. Overall, shipments from African exporting countries fell 5.1% from June and but plummeted 41.5% compared to the same time last year. ...
Ethiopia Moves to Restructure SOE Debt, No Word Though On China Loans
The Ethiopian Ministry of Finance (MOF) is bundling together the debts of six of its largest state-owned enterprises and will transfer the liability for these debts from the firms to the MOF itself. No mention, though, was made at
Ethiopia Seeks to Follow China’s Example By Creating Its Own Social Media Apps as Alternatives to Facebook and Twitter
China's nationalist model of cyber sovereignty received another endorsement in Africa on Monday when Ethiopian officials unveiled new ambitions to "replace" U.S.-made social media and communications apps with local versions that can be regulated and censored.
Nigeria-Based, Chinese-Backed Mobile Money Platform OPay Raises $400 Million From Softbank-Led Round
The Nigeria-based, Chinese-owned mobile payment platform OPay closed its latest funding round with $400 million of new investment in a deal that values the company at an impressive $2 billion. This latest fundraising round marks was led by Japanese ...
Global Leadership Stories
The United States’s hurried withdrawal from Afghanistan revealed the messy space where the discourse about international leadership meets leadership on the ground. Even as many are criticizing the role that various Western fantasies of nation-building/democratization/containment/management have played in the debacle, it’s still unclear what a Western reckoning ...