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Country: France

Zambia’s Debt Talks Set to Get Underway But Final Deal Not Expected This Month

After months of delays, all of Zambia's international creditors will finally convene on Thursday to work out the details of how to restructure the country's $17.3 billion of external debt. The inaugural meeting of the official ...

Zambia Wants Debt Reduction As Part of Renegotiation: Hichilema

Zambian President Hakainde Hichilema is optimistic that Zambia’s debt renegotiation is now on track, following the recent announcement that China and France will head the creditors’ committee. The committee's first meeting will be next week. Speaking at a mining ...

The Case for Cooperation Between Chinese and Western Development Finance Institutions

By Oyintarelado (Tarela) Moses Chinese lenders participating in the Belt and Road Initiative (BRI) conduct business within a broader ecosystem of financing for development. This complex web of actors work in a coordinated credit space, comprising development finance institutions, commercial ...

It’s Not a Creditor, So Why is France Involved in Zambia’s Debt Restructuring?

While it makes sense that China and South Africa would want to be involved in Zambia's debt restructuring process given that both have a lot of money on the line. But France? Zambia doesn't owe France a penny. ...

Africa-Europe Summit Begins Amid Hope, Skepticism and a Wary Eye on China

European and African leaders kicked off a two-day summit in Brussels on Thursday amid a sense that ties between these two continents have reached a critical inflection point. European leaders, notably French President Emmanuel Macron, the current rotating president of the ...

Analysis from Cobus van Staden

The G7’s New Infrastructure Initiative Could Strengthen China’s Global South Game: Experts

The G7’s new Partnership for Global Infrastructure Investment (PGII), a $600 billion plan to build infrastructure across the Global South and counter China’s Belt and Road Initiative (BRI), could have the effect of improving how Chinese companies do business and could end up improving the BRI itself, according to development experts. 

Some acknowledged that the BRI has been controversial for its environmental and debt impacts. But they also pointed out ...

Rampant Illegal Chinese Mining and Logging in Eastern DRC Drives Poverty and Empowers Ruling Elites, Says New Report

Illegal Chinese mining and timber companies are running rampant in the DRC's eastern province of South Kivu, fueling corruption that empowers ruling elites and impoverished local communities, according to a scathing new report by two researchers at the French Institute of International Relations (IFRI) in ...

Infographic: Africa’s Shifting Trade Ties From France to China

The German consumer data service Statista published an interesting map on Tuesday that visualizes Africa's two-decade-long transition from relying on imports from France and other European countries (possibly even the U.S.) to China. While the visualization is intriguing, the use of ...

Former Ambassador’s Column in Le Monde Highlights the Negative View of “Chinafrique” Among Political & Media Elites in France

Generally speaking, the widely-held narrative among media and political elites in France about the Chinese in Africa is very similar to that in the United States where the Chinese presence on the continent is viewed in decidedly negative terms.

When France Builds a Train in Africa, the International Media Coverage is Very Different Than When China Does

Senegalese President Macky Sall launched a new 40-kilometer commuter railway last week that will link the industrial city Diamniadio with the capital Dakar. The debut of the new Regional Express marked an important milestone for Senegal. It is the first rail line to be built in ...

China Stands Apart From Kenya’s Other Bilateral Creditors in Requiring Full Debt Repayment

While Japan, France, and Kenya's other major bilateral creditors are all giving Nairobi some breathing room during the ongoing pandemic in the form of reduced debt servicing payments, that is not the case with China. Last quarter, the Treasury transferred $266 million to Chinese creditors, mostly to ...
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