Country: Nigeria
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Transsion’s VC Fund Makes First Investment in an African Fintech Start-Up; the Chinese-owned Opera Mobile Browser Well Positioned to Capitalize on Financial Services
International interest in Africa's burgeoning fintech sector dropped considerably in the first half of the year due to the ongoing COVID-19 pandemic but now we're starting to see some of the first signs of interest from Chinese VCs and other investors.
Debunking Fake China-Africa News
AFP Fact Check journalist Mayowa Tijani joins Eric & Cobus from Lagos to discuss his reporting that debunks fake news, particularly videos and other stories related to China-Africa. Misleading and downright false information have long been a hallmark of ...
Nigeria’s Transport Minister: China Expected to Approve $5.3 Billion in New Loans
Nigeria's Transportation Minister, Rotimi Amaechi, confirmed that China is expected to approve a new $5.3 billion loan package to build the Ibadan-Kano rail line. The minister made the comments during an interview with the Nigerian news network ChannelsTV and added that he expects the funds ...
While the Federal Government Moves to Borrow More Money From China, Nigeria’s House of Representatives Sounds the Alarm
While Nigerian President Muhammadu Buhari and his cabinet appear increasingly determined to borrow more from China to fund infrastructure projects, even amid the current economic crisis, critics in the House of Representatives are expressing alarm over the lack transparency in the Chinese loans.
China’s Ties With Nigeria Are a Lot Better Than They Seem
Lagos State University political science lecturer Abdul-Gafar Tobi Oshodi joins Eric & Cobus this week to discuss the current state of China-Nigeria relations. After a turbulent past few months following the events in Guangzhou back in April and now calls ...
Who’s Who in China’s COVID-19 Diplomacy?
The global COVID-19 pandemic has sparked a flurry of Chinese efforts to supply medical assistance around the world, including in Africa. In late March 2020, airports in Shanghai, Beijing, and other major Chinese cities turned from international business and tourism hubs to centers for the dispatch of ...
In Almost Every Story About China-Africa, Global Times Makes Sure to Slip in a Dig at the United States
The Global Times newspaper has long played the role of China's most outspoken anti-U.S. media outlet -- both with its editorial content and its fiery Editor in Chief, Hi Xijin, who just today said low-income Americans live in an "autocratic ...
Amid an Unprecedented Debt Crisis, Nigeria’s House of Reps Approves $23 Billion of New Loans — Mostly From China
Nigeria's House of Representatives approved a request by President Mohammadu Buhari to borrow an additional $22.7 billion from international creditors. Tuesday's House vote follows earlier approval by the Senate. It's important to note ...
Q&A: Nigerian Representative Ben Igbakpa Explains Why He Wants to Investigate 20 Years of Chinese Loans
April marked the beginning of major turbulence in China-Africa relations following reports of racism against Africans in Guangzhou. Then the unprecedented happened when African ambassadors wrote a joint letter to the Chinese government demanded an explanation for the maltreatment of Africans in China.
Debt Relief in Africa: A Conversation With Renaissance Capital’s Charlie Robertson
Ethiopian Prime Minister Abiy Mohamed was among the first African leaders to issue an urgent appeal for debt relief back in March even before COVID-19 had become a serious public health issue on the continent.“COVID-19 poses an existential threat to the ...
Why Does Nigerian Representative Ben Rollands Igbakpa Want to Review Almost 20 Years of Loans From China?
Earlier this month, on May 13, Nigerian representative Ben Rollands Igbakpa introduced a motion that was passed by the House calling for an investigation into all of the country's loans from China dating back to 2000. Representative Igbakpa ...
With No Debt Relief Deal in Place, Africa’s Economic Crisis Worsens by the Day
The cost of borrowing for many African governments is rapidly rising as the economic crisis on the continent worsens. While the double-digit yields on African bonds is great news for investors looking for new growth opportunities, it's an absolute tragedy for governments who are forced to divert even ...