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China Proposes Billion-Dollar Revamp of the Legendary Tazara Railway

The competition between the United States and China to refurbish some of Africa's decrepit railways intensified this week when the Chinese government presented a billion-dollar proposal to rebuild the Tazara railway linking Zambia's copperbelt to the Tanzanian port of Dar es Salaam. ...

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 Proposes Billion-Dollar Revamp of the Legendary Tazara Railway

The competition between the United States and China to refurbish some of Africa's decrepit railways intensified this week when the Chinese government presented a billion-dollar proposal to rebuild the Tazara railway linking Zambia's Copperbelt to the Tanzanian port of Dar es Salaam. ...

Zambia Expresses Optimism It Can Allay Chinese Concerns Over Debt Deal

The Zambian Finance Minister Situmbeko Musokotwane said he's hopeful his country's three-year debt restructuring odyssey can finally be resolved sometime before June. Musokotwane was cautious about providing any specific timetable but said on Wednesday that he's nonetheless optimistic he can resolve Chinese concerns ...

U.S. Mining Start-Up Makes Huge Copper Discovery in Zambia

A California-based mining start-up, KoBold Metals, announced that it had discovered Zambia's largest copper deposit in a century. KoBold president Josh Goldman said on Monday the company's Mingomba mine in northern Zambia is poised to become one of the world's top ...

Analysis from Cobus van Staden

Misadventures in the Skin Trade

This week I spent a few days in Cape Town, in time for a minor, if telling, crisis in international agricultural trade. A ship crammed with 19,000 (mostly still living) cows was stuck in Cape Town harbor, en route from Brazil to the Middle East.
As South African animal welfare authorities scrambled to inspect the horrors on board, the city was enveloped in a powerful farmyard funk. The entire episode can ...

WEEK IN REVIEW: Nauru Officially Switched Diplomatic Allegiance From Taiwan to China

Indian naval forces are closely monitoring the movements of a Chinese research vessel operating in the Indian Ocean that is making its way towards the Maldives. Although these Chinese research ships are not officially designated as military vessels, the Indian government suspects the data they collect is used ...

Frantic Attempts to Rescue Seven Workers Trapped in Chinese Mine in Zambia

Zambian authorities are rushing to pump water and mud from a Chinese-owned mine in time to rescue five Zambian and two Chinese workers trapped underground. The workers were caught by an inrush of water on Monday at the Macrolink mine, about ...

Zambian and Chinese Miners Trapped Underground

Seven miners, including five Zambians and two Chinese nationals, are reportedly stuck in Zambia’s Chinese-owned Macrolink Mine.  The mine is still under construction and hasn’t been commissioned yet. The miners are trapped 235 meters below the surface by rising water. One ...

WEEK IN REVIEW: Ethiopia Debt Update | China @COP28 | Chinese Energy Projects in Africa

Ethiopia is the latest African country that is now teetering on the verge of default after the government announced this week that it would not be able to make a $33 million bond payment. Eric speaks with Mark Bohlund, a senior ...

A Primer on China’s Role in the Worsening Zambian Debt Crisis

Zambia's debt restructuring deal that was hailed earlier this year as a "landmark" breakthrough for developing countries is now in shambles. Talks broke down a couple of weeks ago when bilateral creditors led by China and France objected to the terms ...
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