Country: Nigeria
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U.S. Throws WTO Director-General Selection Process Into Chaos, Possibly With an Eye on China
The United States threw a wrench into the selection process for the World Trade Organization's next Director-General when it moved on Wednesday to block the appointment of Nigerian-American Ngozi Okonjo-Iweala to support its preferred candidate Yoo Myung-hee, South Korea's trade minister. Washington's stated ...
Inspired by China’s Example, Nigeria’s Information Minister Wants to Regulate Social Media
Nigeria's Minister of Information and Culture, Lai Mohammed, sparked widespread outrage on Tuesday when he called for the government to step in and begin to censor online content. "If we don’t regulate social media, it will destroy us," he told a House committee. "The ...
Nigeria’s Dreams and Nightmares
Earlier this month, the Nigerian opposition politician Peter Obi delivered the 60th Founder’s Day lecture at the University of Nigeria. In his talk he took a swipe at the incumbent government’s handling of the current economic crisis, saying that instead of taking loans from China, Nigeria ...
Infographic Highlights How Nigeria Doesn’t Actually Owe China That Much Money
A new infographic circulating online showcases data from Nigeria's Debt Management Office and clearly shows the relatively small amount of debt owed to China compared to that of private creditors and multilateral lenders (as of June 2020). This runs counter ...
African Debt: At Some Point, the Hole Becomes Just Too Big to Fill
The rapidly deteriorating financial crisis in Lebanon provides a grim preview to other developing countries of what happens when the bottom falls out of an economy. After the government defaulted on its debt last spring, conditions spiraled downwards to the point where
China, Climate Change and COVID-19 Will Force Africa to Re-Think Its Development Strategy
This week, different groups of experts weighed in on how China will handle its many distressed loans to Africa. They seem to agree that the process of renegotiating this debt will be long and messy, and that Chinese actors probably won't seize ...
“Public Investment is a Thing of the Past,” Says the EIU’s Chief Africa Economist
While a growing number of African countries are furiously renegotiating their debts with various creditors, one question that keeps emerging is whether China will eventually resume lending these countries large amounts of money to build future infrastructure. The specific questions is ...
StarTimes and DSTV Battle For Audiences in Africa’s Intensely Competitive Pay TV Market
One of the revealing aspects of Africa's pandemic-related downturn is that, while it's causing financial chaos across the continent this doesn't seem to be slowing the outside interest in certain African consumer sectors. Take TV, for example. For a long time, ...
One of Nigeria’s Elder Statesmen Reflects on Ties With China
Aminu Wali, 79, is long retired from a distinguished diplomatic career as Nigeria's envoy to China, the United Nations and a stint as the country's foreign minister. In a wide-ranging interview with the Premium Times newspaper, Wali reflected on the current state of ties with China and ...
Nigeria’s House Speaker Rallies Other Legislative Leaders Across Africa in New Appeal for Debt Relief
Nigeria's outspoken Speaker of the House of Representatives, Femi Gbajabiamila, is mobilizing his legislative counterparts in half a dozen other African countries, including Kenya, South Africa, and Ethiopia, to speak out on the need for immediate debt relief and even outright debt cancellation.
Tech Update: Kenya Follows U.S. With Calls to Investigate TikTok, Washington’s Huawei Crackdown Could Hurt American Development Efforts
TIKTOK: "Senator Iman Falhada is calling on the government "to safeguard the metadata of Kenyans that is being collected by the TikTok." Another senator, Mwaura Isaac Maigua, argued that suggested policies relating to social media privacy shouldn't be limited to TikTok but should apply to all other ...
The Trains Are Finally Rolling in Nigeria
Say what you want about the Chinese but there's no denying they are damned good at getting stuff done. The sight of a big beautiful new train on freshly laid tracks in Lagos yesterday was something to ...