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Amid Plunging Prices, Africa’s Commodity-backed Debts to China Become Perilous

Over the past 15 years, many African countries borrowed tens of billions of dollars from China to build badly-needed infrastructure. Short of cash, these countries instead leverage their natural resources to repay their debts. Ghanaian bauxite, Angolan oil, and Zambian copper, ...

As Oil Prices Tumble, COVID-19 Rapidly Escalates From a Health Crisis to a Full-Blown Economic Crisis in Africa’s Crude-Exporting Countries

When oil trading started today in Asia, sellers moved quickly to unload their positions prompting a "cataclysmic collapse" that saw prices plunge by a stunning 31%, the single largest price drop in almost 30 years. The sell-off ...

Even Before Coronavirus Makes it to Africa, The Economic Impact is Already Being Felt

The Novel Coronavirus has yet to make landfall in Africa, but it's already starting to cause real economic damage to a number of economies across the continent. Africa's commodity-exporting countries have become increasingly dependent on robust Chinese demand over the past 10-15 years and now that economic ...

Reality Check: Africa is an Important Source of Oil for China, But Not THAT Important

With this week's warning from NATO Secretary-General Jens Stoltenberg that China's growing presence in key regions like the Middle East, Africa, and even Europe presents a new challenge for the western military alliance, social media quickly saw much discussion about what's motivating China's expanding military and geopolitical ...
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