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Standard Bank Becomes First African Bank to Offer China’s Cross-Border Interbank Payment System

China's alternative to the SWIFT international payment network is now available in Africa, following the announcement by Standard Bank, the continent's largest bank in terms of assets, as the first institution to offer the Cross-Border Interbank Payment System (CIPS). This is ...

West African Social Media Fizzes With Pro-BRICS Content

By Emilie Beraud et Célia Lebur West African social media is abuzz with posts promoting a "brighter future" in partnership with non-Western powers, especially those belonging to the BRICS emerging economies meeting this week in Russia.

5 Takeaways From Xi’s FOCAC Speech

Chinese President Xi Jinping's highly anticipated opening address at the ninth Forum on China-Africa Cooperation summit on Thursday sent a clear message that Beijing remains firmly committed to its strong ties with African governments and intends to deepen its engagement on the continent.

Chinese Energy Diplomacy in Mali to Increase Renewable Energy Generation

Chinese companies are said to have quietly joined Africa’s renewable energy revolution. In March 2023, China Power Construction Corporation held a special 10-day training program for Mali focused on energy supply chains, including construction and maintenance. It was the 112th such program in a developing nation.

China Cuts Tariffs for Six African Countries

China’s customs authorities announced that goods from six least-developed African countries will be exempt from tariffs. 98% of imports from Angola, Gambia, the Democratic Republic of Congo, Madagascar, Mali, and Mauritania will be affected. (XINHUA)

Analysis from Cobus van Staden

BRICS Announces Numerous New Initiatives

The BRICS group wrapped up its two-day leaders’ summit in Rio de Janeiro on Monday. The summit’s final communique is a 16,000-word doorstop that covers numerous issues from economics to education.
The communique avoids any direct mention of the United States, and references to “unilateralism” and other coded criticism are also relatively scarce. Rather, the communique keeps the focus on the BRICS’ vision of the strengthening and reform of the global multilateral system ...

Chinese-Built Cross-Frontier Hydro System Inaugurated in Mali

This weekend saw the inauguration of the Gouina Hydroelectric dam and Malinguina hydropower station in Mali. Funded by the China Exim Bank and built by PowerChina, the facilities form part of a transfrontier hydroelectric system linking Mali, Senegal, and Mauritania.  ...

APSONIC Is Another Chinese Company That You’ve Probably Never Heard but That’s Absolutely Crushing It in Africa

A Chinese maker of motorcycles is quietly cornering the African market. While Apsonic isn’t famous, the Guangzhou company has built up an impressive presence in West Africa, after setting up shop in Togo in 2003. Now its products are buzzing through ...

China’s Ambassador to Mali Gives Public Show of Support As Bamako Faces Growing International Isolation

Ambassador Chen's meeting with Mali's national police chief is particularly notable in light of Bamako's growing isolation in the international community. Mali is currently facing sanctions from the West African regional organization ECOWAS with the support of France, the United States and the European Union.

WEEK IN REVIEW: It’s Now Possible to Transport Cargo From Uganda to Kenya’s Port of Mombasa

The long-held dream of transporting goods between Uganda and the Port of Mombasa became a reality on Monday with the inauguration of a new rail line that connects Kenya's Standard Gauge Railway (SGR) with a newly refurbished meter gauge line in Uganda. This is a pared-down version of the ...

Week in Review: Hostages Rescued in Mali, Rwandan Agribusiness & Nigeria Joins AIIB

Malian security forces on Monday rescued three Chinese nationals kidnapped by unknown assailants after the trio escaped their captors over the weekend. The three construction workers and two colleagues from Mauritania were seized on July 17. While the Mauritanians were freed 10 days later, the Chinese were held ...

Week in Review: Shipping, Share Prices and Strikes

Islamic militants released two Mauritanians kidnapped earlier this month in Mali but there's no word on the three Chinese construction workers who were abducted in the same raid. The militants provided no explanation for Wednesday's release or any other information on the ...

Three Chinese Construction Workers Kidnapped in Mali

A trio of Chinese nationals and two Mauritanians were kidnapped at gunpoint from a road construction site in southwestern Mali on Saturday by unknown militants. The assailants destroyed equipment including a crane and dump trucks belonging to Chinese construction firm COVEC, ...
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