Country: Zambia
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Zambia Requests $8.4 Billion Debt Repayment Reprieve
The Zambian government is calling on its external creditors, including China, to provide it with $8.4 billion of debt relief in the next few years. The request was included in a new report published by the International Monetary Fund on Tuesday, the latest step in
How do Africans View Zambia’s Debt Restructuring Deal? Two Researchers Weigh In
This article features back-to-back responses by two African researchers on Zambia's debt restructuring deal. Response 1: By Amodani Gariba Zambia is not in the hot water alone. Several African countries are currently at risk of ...
How Will the Debt Crisis Affect China’s Image as a Development Partner?
By Lukas Fiala As the debt crisis across the Global South accelerates, many commentators are weighing in on the drivers and implications of repayment difficulties and defaults. Unsurprisingly, as a major bilateral creditor to many governments across the developing world, China is ...
Week in Review: Kenya Elections, Zambian Debt & Blinken’s Africa Tour
The Chinese government pushed back this week against the U.S. and its new foreign policy strategy for Africa. The Foreign Ministry dismissed Washington's emphasis on democracy as mere rhetoric, while the railways, roads, and other infrastructure that China's built speak for ...
At 29 years old I travelled to Africa, After a Year I Decided to Go Back Home
Chinese vloggers in Africa have a mixed track record. On the one hand, some vloggers contribute to dissolving Chinese misconceptions towards Africa/Africans by illuminating what daily life is like in many African countries. On the other hand, some other vloggers exploit Africans through misogynistic beauty contests and ...
Chinese Reactions to Zambia’s Debt Deal
Zambia’s debt restructuring, in which China played a key role, is raising concern among ordinary Chinese, judging by WeChat conversations. Recent grassroots discussions on WeChat communities of Chinese in Africa quoted unnamed sources worrying that the deal could “set a costly precedent elsewhere,” which ...
Tanzania and Zambia to Revive TAZARA Rail Line
The leaders of Tanzania and Zambia have agreed to find the money to refurbish the Chinese-built TAZARA rail line. The line, built at great financial and human cost by China in the early 1970s, is an icon of early Africa-China cooperation. It’s unknown if Chinese companies or lenders ...
After Zambia’s Successful Debt Restructuring, Sri Lankans Hope China Will Also Take the Lead to Help Resolve Their Crisis
Now that Zambia's Creditor Committee reached a landmark debt restructuring deal with its bilateral lenders, there's new optimism that the same will happen in Sri Lanka. The South Asian island state is ...
Chinese Creditors Agree to Landmark Debt Restructuring Deal With Zambia
The Franco-Chinese-led Creditor Committee for Zambia announced a landmark agreement over the weekend to cancel $2 billion of the country's bilateral debts. The deal includes unprecedented concessions from a coalition of Chinese lenders that includes the China Exim Bank. Saturday's announcement also ...
Zambia Slashes Billions of Unused Loans, Many From China, to Address Debt Woes
Beyond the statements issued by the Zambian Creditor Committee (via the G20), the Ministry of Finance, the World Bank, and the IMF, very few specifics about the arrangement have been made public. There's much speculation about what loans will be canceled and which projects will be directly impacted.
African Exploitation Videos Are Big Business on Chinese Social Media
The recent BBC documentary "Racism for Sale" pointed a powerful spotlight on the popular Chinese "blessing video" business that is both highly exploitative and very profitable. These videos feature Africans and people from other developing regions, often ...
Check This Out… Shaolin Kung Fu in Zambia
The Shaolin Cultural Center in the Zambian capital Lusaka recently held an event to show off the talents of some of their incredible students, both kids and adults, who've become masters of this ancient Chinese martial art.