Italy has announced its formal withdrawal from the Belt and Road Initiative after joining the China-centered infrastructure and investment project in 2019.
The timing of the announcement that Rome won’t renew its BRI commitment is notable. It came only a day before the EU-China summit, which kicks off on Thursday. The summit will likely be more contentious than usual, with European leaders expected to push China on the treatment of EU firms amid discussions ...
Country: Senegal
What Does Chinese Lending to Africa Look Like Now?
China has been one of the most important development lenders to Africa over the last quarter of a century. This has transformed the African development landscape in helpful and problematic ways. It is also changing very rapidly. A new report from ...
Chinese Weapons Giant Norinco Wants to Expand Its Business in West Africa
The Chinese state-owned arms manufacturer Norinco opened a new sales office in the Senegalese capital Dakar this week as part of the company's effort to expand its business in West Africa. The company is already a major supplier to militaries ...
Small Fish Sizes in Ghana’s Waters Indicate Effects of Illegal Trawling by Chinese and Other Vessels
The latest policy from the Fisheries Commission in Ghana reveals that data from catch assessment surveys shows considerable levels of overfishing leading to a GDP decline from 1.5% in 2015 to 0.9% in 2019 due to overexploitation of the fisheries resources.
African Ambassadors Tour Xinjiang to See “Happy Life of Local Residents”
China’s use of diplomatic junkets to justify its anti-Uyghur measures in Xinjiang to the Global South are ratcheting up again. Ambassadors and other senior diplomats from Senegal, Benin, Mali, Rwanda, Madagascar, Malawi, Uganda, Lesotho and Chad visited the region on Thursday.
WEEK IN REVIEW: U.S. Treasury Secretary Janet Yellen on an 11-Day, Three-Nation Tour of Africa
U.S. Treasury Secretary Janet Yellen will leave Tuesday on an 11-day, three-nation tour of Africa that Biden administration officials say is intended to rejuvenate ties on the continent and counter Chinese influence. Yellen will visit South Africa, Senegal, and Zambia, where debt issues are expected to feature prominently on ...
Analysis from Cobus van Staden
Awkward Timing as Italy Withdraws from BRI
Get Ready For Lots of Tough Talk on Chinese Debt When Janet Yellen Travels to Africa Next Month
Just days after it wrapped up a summit with African leaders, the Biden administration is following through on its promise to send more high-level officials to the continent. First up is Treasury Secretary Janet Yellen, who will ...
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. ...
China’s Paid-In Capital on the Rise – Here’s What to Know
By Oyintarelado Moses and Laura Gormley Since 2007, Chinese special investment funds targeting overseas development projects have been on the rise. These funds are pools of capital established by multiple public and/or private shareholders that primarily provide equity financing to projects ...
China’s Growing Influence in West Africa
As former colonial powers like France and the United Kingdom lose their relevance in West Africa, the region is pivoting to China. This trend comes as China’s own confidence in West Africa is growing, despite relatively slow engagement compared to other parts of the ...
African Leaders, China Made It Clear This Week They’re Unhappy With the Current International System
African leaders one after another took the podium at the UN General Assembly (UNGA) this week to express their deep frustrations with the international system and how unfairly it treats developing countries. "It is time for a fairer, more inclusive global ...