Country: Zambia
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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 ...
Zambia is Very Close to Finalizing Its Debt Restructuring, But There’s Still One More Chinese Obstacle in the Way
Zambia's breakthrough deal on Monday to restructure $3 billion of Eurobond debt helps the southern African country move tantalizingly close to finally ending three years of brutal negotiations with its various creditors. Even though President Haikinde Hichilema's government has already negotiated a ...
Letting Some Get Wealthy First
By Felix Brender 王哲謙 This week, the Communist Party set a rather ambitious GDP growth target of 5%, doubling down on China’s growth narrative and development success story without qualifications. At the same time, CNN and Al Jazeera are reporting on PRC citizens ...
Investors Celebrate Zambia’s Debt Deal With China by Snapping Up Government Bonds
Zambian bonds traded at their highest levels in 18 months on Monday following news that Lusaka reached a debt deal last week with official Chinese creditors. “China agreeing on terms means that we can get on with the private-creditor restructuring,” Sam ...