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China’s C19 Vaccine Propaganda Campaign: “Who’s Helping Countries in Africa, Asia, The Caribbean, Asia?”
Chinese state media outlets are ramping up a propaganda campaign against so-called "vaccine nationalism" and findings that Chinese-made vaccines are much less effective than those made in the U.S. and Europe (which is actually the case). The effort started in earnest ...
The UK Invests More in Africa Than Either the U.S. or China
British Prime Minister Boris Johnson was among the featured guests at Wednesday's online Africa Investment Conference organized by the UK Department for International Trade. The conference was a follow-up to last year's UK-Africa Investment Summit that took place in London. One ...
The Bondholders’ View of the African Debt Crisis
The ongoing debt crisis in Zambia and several other African countries is proving to be much more difficult to resolve than in previous years because of the expanded role of both Chinese lenders and bondholders. Both of these creditors have starkly ...
Zambia Central Bank Gov: Equal Treatment to Blame for Default
Zambia's Central Bank Governor Christopher Mvunga said the need to treat all of its creditors equally is the reason why the government couldn't repay bondholders a $42.5 million interest payment that was due last Saturday. “One of the conditions is that all creditors have to be treated equally. ...
NGO: The UK, Not China is the Biggest Obstacle To Zambian Debt Relief
The next stage of the Zambian debt default crisis may play out in a London court. NGOs like Oxfam and the Jubilee Debt Campaign contend that because the vast majority of Eurobonds are covered by English law, ...
China Now the Top Destination for African Students, Says New Report
China is surging ahead of France, the United States and the United Kingdom to become the top destination for African students seeking to study abroad, according to new data from the Beijing-based consultancy Development Reimagined (DR). While Europe as ...
COVID, International Cooperation, and China-Africa: What Next?
Compared to global COVID-19 hotspots such as Latin America, the United States, and India, African countries have – on average – fared relatively well thus far in the pandemic. However, cases are on the rise, with states such as South Africa and Egypt particularly badly hit, ...
The Idea of “The West”
The current campaign by the U.S. government and its allies against the Chinese technology firm Huawei ends up being quite revealing. Ostensibly, Washington's pressure on its allies to step away from Huawei as a tech partner is all about concrete concerns: security, spying and external actors like ...
China’s Ambassador to the UK Reiterates that Beijing Prefers to Work With Borrowers Bilaterally
In a Q&A session broadcast on Twitter, China's influential ambassador to the United Kingdom, Liu Xiaoming, admitted publicly that Beijing prefers to work with borrowers bilaterally rather than through multilateral organizations because it's "more effective."
It’s Time We Have an Honest Discussion About African Debt Relief
There's a huge disconnect between the debt relief discussion currently taking place on many webinars hosted by academics and analysts, and the reality of what's actually happening. We're now five months into this crisis and one thing is clear: bondholders, pension ...
LSE: Debt Relief and Africa During COVID-19
The Firoz Lalji Centre for Africa at the London School of Economics recently convened a discussion on the public policy implications surrounding COVID-19 and debt relief in Africa. Dr. Shirley Yu from LSE and the Harvard Kennedy School provided a robust articulation of the Chinese position on ...
Webinar: UK-China-Africa Infrastructure Cooperation in the Post COVID-19 Era
Amid increasingly tense UK-China relations, it was refreshing to watch a webinar dating from earlier this month focusing on how the two countries can work together with stakeholders in southern Africa to build new infrastructure in the post-COVID-19-era. The webinar was ...