Country: Ethiopia
Related Posts
Ethiopia’s Appeal For Debt Relief Puts China’s Loan Portfolio Under the Spotlight
Ten months ago, Ethiopian Prime Minister Abiy Ahmed was the first African leader to sound the alarm over the debt crisis that would ensue from the then-nascent outbreak of COVID-19. African economies, he warned face an "existential threat" from the combined effects of an unprecedented ...
The Team at Boston University Provides a Fresh Reminder That the World’s Chinese Debt Problem is Concentrated in About 10 Countries
Boston University's Global Development Policy Center published a new infographic that reveals the unequal distribution of Chinese debt around the world. They found that 10 countries account for 60% of China's global development finance. This is especially true in Africa where Angola ...
Will China Ever Look to Africa as a Manufacturing Destination?
"Made in China" once represented the lowest-cost manufacturing in the world. Not anymore. Labor costs have been steadily rising, environmental regulations are much stricter now, and, as of last year, Chinese products exported to the U.S. come with expensive tariffs.
2020 in Review: The Impact of the “Guangzhou Incidents”
This April's outburst of discrimination against Black and African residents in the southern Chinese city of Guangzhou marked a seminal event in China-Africa relations this year. Dozens, possibly hundreds of Black and African residents were ...
African Diplomats in China Are Spending a Lot More Time These Days Talking About The Belt and Road Initiative
Ethiopia's ambassador to China, Teshome Tog Chanaka, shared his enthusiasm on Twitter Tuesday about his participation in the latest forum on how to integrate Africa into the Belt and Road. The event was organized by the Algerian embassy and the Taihe Institute, an international policy ...
Deborah Bräutigam: China Likely To Partner With the WHO For C19 Vaccine Distribution in Africa
China is working closely with Ethiopia, Egypt, and likely other African countries to lay the groundwork to deliver millions of doses of COVID-19 vaccines to the continent. With the new cold-chain air bridge that was announced last week between Shenzhen and Addis Ababa, it's becoming ...
With Chinese Loans Coming Due, Ethio-Djibouti Railway Suffers Heavy Losses Due to Theft, Vandalism
The Chinese-financed and constructed Ethiopia-Djibouti standard gauge railway is bleeding money due to rampant theft and vandalism, according to a report in the Addis Standard newspaper. The situation is now so bad, say company officials, that the trains have been forced to reduce their speed ...
Alibaba’s Formidable Logistics Operation Teams Up With Ethiopian Airlines to Deliver C19 Vaccines Around the World
China is turning to Alibaba, the massive Chinese e-commerce company, to help with the logistics in the distribution of future COVID-19 vaccines to countries throughout Africa, the Middle East, and Latin America. Cainiao Smart Logistics Network, Alibaba's enormous distribution division,
African Countries Are Going to Need Vaccines From China and Other Providers Since COVAX Supplies Will be Insufficient and Too Costly
New data from the Beijing-based consultancy Development Reimagined highlights how expensive it's going to be to vaccinate a sufficient portion of the population in Africa to bring the COVID-19 pandemic under control. $5 billion is needed to cover the cost of two-dose vaccinations for just 20% ...
Alibaba Gives a Shot in the Arm to China’s Vaccine Distribution Plan for Africa
China's COVID-19 vaccine distribution plan in Africa is slowly starting to come into focus. Yesterday's news that Cainiao (菜鸟网络科技有限公司), the powerful logistics arm of e-commerce giant Alibaba, is teaming up with Ethiopian Airlines to build an international cold-chain network with hubs in ...
Cyril Ramaphosa Renews Calls For Urgent Debt Relief for Africa. But is Anyone Listening?
South African President and Chair of the African Union Cyril Ramaphosa issued yet another urgent appeal for the international community to provide immediate debt relief for Africa. "Urgent and collective action is needed there to stave off that crisis and to maintain the invaluable social gains that ...
How Long Can African Leaders Keep Repeating Themselves on Debt?
This week saw yet another African leader (this time my own president, Cyril Ramaphosa,) calling for international measures to soften the current debt crisis confronting poor countries in Africa and beyond. None of these measures are outrageous. Considering that seven out of the top 10 fastest-growing economies ...