Country: Zambia
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WEEK IN REVIEW: China Signs Deal to Revamp TAZARA Railway
China and the Philippines accused each other of deliberately ramming their coast guard ships near the disputed Sabina Shoal on Saturday. A China Coast Guard (CCG) spokesperson said the Philippines ship “deliberately collided with” a Chinese vessel. Meanwhile, officials in Manila said the opposite: that a CCG ship “directly ...
China Pushes Smaller, Smarter Loans to Africa to Shield From Risks
By Matthew Walsh China's years of splashing cash on big-ticket infrastructure projects in Africa may be over, analysts say, with Beijing seeking to shield itself from risky, indebted partners on the continent as it grapples with a slowing economy at home. ...
China’s Xi Promises $50 Billion for Africa Over Next Three Years
By Sam Davies Chinese President Xi Jinping on Thursday pledged over $50 billion in financing for Africa over the next three years, promising to deepen cooperation in infrastructure and trade with the continent as he addressed Beijing's biggest summit since the ...
Empowering Africa: How Host States Can Influence Chinese-Supported Power Projects
By Naa Adjekai Adjei Over the past decade, Chinese investments have significantly bolstered Africa's infrastructure landscape. However, prevailing narratives have often emphasized China's influence, overshadowing the critical role of African host states in determining ...
African Priorities at the Upcoming China Summit
African leaders and their delegations are making final preparations to travel to Beijing soon for the Forum on China-Africa Cooperation (FOCAC) summit that will begin on September 4th. This year's gathering comes at a critical time in the relationship between these ...
El Niño Triggers Food Crisis in Southern Africa
The brutal drought has been brought on primarily by El Niño. This natural, recurring weather phenomenon raises surface temperatures across parts of the Pacific Ocean. These warmer patches impact weather patterns globally, including by lowering rain levels in Southern Africa.
WEEK IN REVIEW: South Africa introduced a 10% tariff on all imported solar panels, cells, and modules, most of which come from China.
Chinese President Xi Jinping will visit Kazakstan and Tajikistan this week during a five-day tour that begins on Tuesday. Xi will also attend a two-day leaders summit of the Shanghai Cooperation Organization that begins on Wednesday in Astana. (AGENCE FRANCE-PRESSE) ...
WEEK IN REVIEW: Chinese Premier Li Qiang Embarked on a Three-Nation, Week-Long Tour of Asia-Pacific Countries on Thursday
Chinese Premier Li Qiang will embark on a three-nation, week-long tour of Asia-Pacific countries on Thursday that will include stops in Malaysia, New Zealand, and Australia. Li's visit to both NZ and Australia will be the first by a Chinese premier in seven years and the first to ...
Developing Countries’ Debt Servicing Costs to China Are Significant, but Nowhere Near as Much as Other Creditors
Developing countries spent a staggering $294 billion to service their debts in 2022, a figure that's expected to balloon by a third this year, according to the findings of a new report published by the UK NGO ONE Campaign. While China ...
Zambia’s Finance Minister Acknowledged His Country Borrowed Too Much From China
Zambian Finance Minister Situmbeko Musokotwane said the quiet part out loud when he acknowledged that previous administrations borrowed too much money from China. “The level of debt that Zambia acquired from China was way, way too high,” he told the Wall ...
WEEK IN REVIEW: Chinese Premier Li Qiang Said Beijing Will Assist Sri Lanka in Its Debt Restructuring Process
Chinese Prime Minister Li Qiang provided fresh assurances on Tuesday to his Sri Lankan counterpart Dinesh Gunawardena that Beijing will assist Colombo in its debt restructuring process. Gunawardena is visiting Beijing this week and raised the issue of Sri Lanka's $7.1 billion outstanding loans owed to Chinese creditors.
Tang Xiaoyang on Why the U.S., Not China is to Blame for Africa’s Debt Problems
While many in the West still contend Africa's worsening debt crisis is largely due to excessive Chinese lending, Tsinghua University Professor Tang Xiaoyang argues that accusation just isn't true. Instead, the well-known China-Africa scholar contends ...