A bill currently under consideration in New York State could reshape sovereign debt renegotiations around the world by making private creditors accept the same losses as the U.S. government would as a sovereign creditor instead of holding out for a full payback.
The bill comes as countries like Zambia and Sri Lanka face their loan renegotiations being dragged out for years as U.S.-based private lenders stonewall to obtain better deals. 52% of the ...
Country: Guinea
How Does Africa Get the Tech It Needs?
As geopolitical tensions rise, external partners want a say in African development choices. This is particularly true for digital expansion, where Global South countries are frequently framed as battlegrounds between Chinese companies like Huawei and Western competitors. However, African policymakers are gaining ...
It Was a Bad, Very Bad Week For Chinese Mining in Africa
Two of China's largest and most important mining ventures in Africa encountered major problems this week. In Guinea, the government shut down the Sino-Australian joint venture to operate the massive Simandou iron ore mine, a major blow to Beijing's ambitions to ...
It’s Been a Downright Terrible Week For Two of China’s Most Important Mining Ventures in Africa
Two of China's largest and most important mining ventures in Africa, one in Guinea and the other in the Democratic Republic of the Congo, face the real possibility of being shut down after years of contentious relations with their local partners. ...
Chinese Contractors Win Guinea Stadium Bid
The contractors, China Construction Fifth Engineering Division Corp. and China Construction International, won a $298 million contract to build a new soccer stadium in Guinea. While providing stadiums acted as a diplomatic tool for China in the Global South, this seems like a commercial transaction ...
Major Setback For Chinese Mining Interests in Guinea as Junta Suspends Simandou Iron Ore Project
China's long-term ambition to reduce its dependence on Australian iron ore suffered a major setback late last week when Guinea's ruling junta ordered the immediate suspension of all activities at the massive Simandou mine. Interim President Mamady ...
Analysis from Cobus van Staden
Proposed New York Law Could Reshape Debt Negotiations Around the World
While Guinea’s Iron Ore Sales to China Stall, Bauxite Shipments Continue Apace
New shipments of Guinean bauxite arrived in China's northeastern rustbelt zone of Shandong province last week, helping to ease supply constraints of the essential ingredient used to manufacture aluminum. Guinea has emerged as a vital supplier to China ...
There’s a Huge Difference in How China Responded to the Coups in Burkina Faso and Guinea
Chinese Foreign Ministry spokesman Zhao Lijian responded on Tuesday to the military overthrow of democratically-elected Burkinabé President Fas Roch Marc Christian Kaboré with a call to "restore normal order" and "resolve differences through dialogue." Zhao, speaking at the ...
Q&A: What’s At Stake For China in Sudan?
China's reaction, so far, to Monday's military coup in Sudan has been reserved, especially compared to the forceful response Beijing issued within 24 hours of last month's overthrow of President Alpha Condé's government in Guinea. But China's interests in Guinea and Sudan are very different and ...
How Will China Respond to the Coup in Sudan?
The pre-dawn military coup in Sudan on Monday presents the latest challenge for China on how to respond to the toppling of governments in Africa where it has sizable economic and strategic interests. Normally, the Chinese Foreign Ministry tends to be ...
TRANSLATION: Assessing the New Risks For Chinese Companies, Projects and Personnel in Post-Coup Guinea
The city of Shanghai's department of commerce posted a fascinating six-point analysis of the new risks confronting Chinese companies operating in Guinea following the recent overthrow of President Alpha Condé by a military junta. The post appeared on an official WeChat ...