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: Mali
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 ...
Analysis from Cobus van Staden
Proposed New York Law Could Reshape Debt Negotiations Around the World
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, ...
Policy Brief: China Now Among Key Factors Complicating U.S. Foreign Policy in the Sahel
The growing presence of "malign Chinese and Russian activities and influence" is one of three key factors complicating U.S. foreign policy in the Sahel Region of Africa, according to a new policy brief from the Center for Strategic and International Studies in Washington, D.C. ...
Q&A: How the Chinese Private Sector Can Help Develop Pharmaceutical Production Capacity in Africa
The COVID-19 pandemic has brought into sharp relief the highly unsustainable fact that African countries together import over 70% of all pharmaceutical and medical products. Yet, 34 out of 55 African countries have some level of pharmaceutical production, with countries offering an array of incentives ...
Background: For More Than a Decade, Africa’s Been the Top Destination for Chinese Foreign Aid
Since 2010, Africa's been the largest recipient of Chinese foreign aid, even as China's ties in Asia have grown to be more geopolitically consequential. However, when reviewing data in the recently-published white paper on Chinese international development, analysts at the Beijing-based consultancy ...