Country: China
Related Posts
Gyude Moore: “The Coming Decade of Chinese Dominance in Africa”
China and Africa will increasingly lean into one another in the decade ahead but for starkly different reasons, argues Gyude Moore in a provocative new column published today in African Business Magazine. Moore, a senior policy fellow at the Center for ...
Larry Hanauer: A Withdrawal of U.S. Military Staff in Africa Will Only Benefit China
U.S. President Donald Trump is widely expected to enact a significant drawdown of U.S. forces in South Asia, the Mideast, and in Africa, before he leaves office next January, according to a report today in The New York Times.
Guangzhou: Home to a New Generation of Afro-Chinese Children
Six months after the dramatic events that took place in Guangzhou where dozens, possibly hundreds of African residents were evicted from their homes and hotels, the South China Morning Post returned to the southern Chinese city to examine what daily life is like in the bustling African ...
With China on Their Minds, Zambia’s Bondholders Reject Appeal for Repayment Extension
Zambia on Saturday became the first African country this year to default on a portion of its debt after a coalition of bondholders refused the government's request for a 6-month repayment holiday. The government said it cannot pay the $42.5 million ...
Debt Crisis? What Debt Crisis? In China, There’s No Coverage or Commentary About Zambia
It appears that China's censors have moved to restrict media coverage of the ongoing debt crisis in Zambia. A search of major news sites, the market-leading Baidu search engine, and the social media platform Weibo came back with no results related to current events unfolding in the ...
Analysts Differ on What Happened in Zambia and China’s Role in the Burgeoning Debt Crisis
The refusal by a coalition of Zambia's bondholders to provide the government with a 6-month repayment holiday on $3 billion of Eurobond notes followed by the subsequent default on those debts, sparked a considerable reaction in Africa and internationally -- but none among Chinese stakeholders.
Letter to the Editor: The Zambian Debt Crisis as Seen by a “Concerned Citizen”
Hi Eric and Cobus, Being a Zambian living in Zambia, I've observed with interest your coverage of the looming credit default by Zambia on its debt repayments to bondholders. You've mostly looked at it in the context of the COVID-19 induced ...
What Happens if Zambia Defaults on Its Debt To China and Other Lenders?
BBC Africa journalist Jameisha Prescod produced a short, five-minute explainer on what Zambia can expect next, following its announcement that it would be unable to meet a Saturday repayment deadline on $3 billion of Eurobond notes owed to private investors. Prescod ...
Understanding the True Extent of Zambia’s Total Debt
There's been a lot of confusion in recent weeks about just how much Zambia owes its creditors. Most international news coverage focuses on the amount of external debt, believed to be around $12 billion, but that's less than half of what the country owes when other creditors ...
While Zambia’s Financial Crisis Unfolded on Friday, President Edgar Lungu and Ambassador Li Jie Visited a Blueberry Farm
In a somewhat odd bit of optics, two central players in Zambia's simmering economic crisis, President Edgar Lungu and Chinese ambassador Li Jie, were seen together on Friday inspecting a blueberry farm in Lusaka's Chongwe district. Neither seemed visibly concerned about ...
What Did We Learn From Zambia’s Eurobond Default?
As expected for months, Zambia now has the dubious distinction of being the first African country this year to default on a portion of its debt. While many have framed Zambia's failures as a consequence of the ongoing COVID-19 pandemic, many analysts have pointed ...
What Role Will China Play in Joe Biden’s Africa Policy?
After a tumultuous 3.5 years, a wide array of African stakeholders are hoping for a "reset" in Washington's ties with the continent following the election of President-elect Joe Biden. Specifically, they're hoping the United States will re-engage multilateral institutions like the ...