Country: Uganda
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The African Development Bank (AfDB) banned China Henan International Corporation Group (CHICO) from working on any bank-funded projects for one year following an investigation that found "fraudulent activity." The bank determined that CHICO failed to disclose that it hired ...
A Call for African & Latin American Countries to Share Notes on Dealings With China
Chinese Foreign Minister Wang Yi confirmed this week the triennial Forum on China-Africa Cooperation (FOCAC) conference that will take place later this year in Beijing will, in fact, be a leaders summit. Before the FOCAC ...
What Exactly is the “Global South”?
Academics and think tank analysts, predominantly in the U.S. and Europe, spend a lot of time debating whether it's appropriate to use the nomenclature "Global South" to describe developing countries in Africa, Asia, and the Americas, among other regions.
Africa’s Debt Dilemma: The Urgent Need for More Equitable Borrowing
For the first time in years, a few African countries are venturing back into the bond market to raise funds for infrastructure and to pay down their debts. However, borrowing more from private creditors is a risky move given the difficulties ...
China and the Global South’s Merging Talking Points
Considering that we’re called “The China-Global South Project,” it’s probably not surprising that we’ve long predicted that the developing world is becoming more central to China’s global geopolitical agenda. Other analysts are coming around to this view. For example, the Asia ...
Kenya’s President Appeals to Chinese Investors to Finance Railway Extension to Ugandan Border
Kenyan President William Ruto issued a direct appeal to Chinese investors to finance the extension of the Standard Gauge Railway (SGR) to the Ugandan border. The president explained that completing this last portion of the railway would unlock significant economic opportunities throughout ...
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 Debt Servicing Costs Surge for Angola and Uganda
Debt servicing costs have been steadily rising across Africa, largely due to the falling value of local currencies that are used to repay dollar-denominated loans. But in Angola and Uganda, interest payments to Chinese creditors have jumped considerably in recent months ...
Chinese Foreign Policy Viewed Decidely Negative in 24- Country Pew Survey
Publics in two dozen countries around the world, mostly advanced economies in the Global North, are increasingly negative about China and its foreign policy, according to the findings of Pew Research Center's annual Global Attitudes Survey. Unsurprisingly, negative views about China ...
China’s Horn of Africa Envoy Addresses East African Leaders’ Forum in Djibouti
China's low-profile special envoy for the Horn of Africa, Xue Bing, made a rare public appearance on Monday to address the opening session of the Intergovernmental Authority on Development Leaders forum in Djibouti. Xue joined special envoys from Italy, the ...
If You Lead a Developing Country and Want to Borrow Money From China, Then Listen to This Podcast
The days of China easily handing out billions of dollars to build infrastructure in developing countries around the world are now over. The Chinese can't afford it anymore and many of the borrowing countries just don't have the capacity to take ...
The Kenyan Government Apparently is Unaware China Doesn’t Finance Railways in Africa Anymore
The Kenyan government is going to make one more attempt to try and persuade China's policy banks to lend them money to extend the Standard Gauge Railway from its current terminus in the Rift Valley all the way to the Ugandan border via Lake Victoria. ...