When it was announced in 2023 that the African Union would become a full member of the G20, I darkly joked on a podcast that the AU’s entry into the body could very well mark the moment the G20 lost its status as one of the most important global coordination forums. Mark my words, I said, soon The Economist will be like “Uhhh, the G20 is OVER – it’s the ...
Tag: africa-china
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About seventy leaders from European Union and African Union member countries met for a summit in Angola on Monday. The summit is partially overshadowed by the rapid developments around a possible U.S.-led deal in Ukraine, where Europe is being sidelined. The Europeans gathered an impromptu internal summit ...
South Africa and China Launch Joint African Modernization Initiative
South Africa and China announced a new joint initiative aimed at boosting African modernization. The initiative was announced on Sunday during the closing of the G20 summit in Johannesburg. The text of the announcement emphasizes that the initiative will harmonize with ...
G20 Communiqué Reflects Both China’s Priorities and Growing Concerns Over Mineral Export Controls
Chinese Premier Li Qiang took full advantage of the U.S. absence at this weekend's G20 summit in Johannesburg to shape the final communiqué in ways that aligned with Beijing's priorities on multilateralism, debt, and, most notably, critical minerals. Consistent with previous ...
New Data: How Chinese Economic Shifts will Impact Africa
As China navigates a domestic economic downturn and a whipped-up global geoeconomic scene, its trade with Africa keeps changing. A new report by the Rhodium Group in collaboration with the Atlantic Council projects how Chinese economic growth trends will affect ...
Manager at Chinese Factory in Kenya Fired After Viral Worker Assault
A manager at a Chinese factory in the Kenyan city of Eldoret had his contract terminated and could face additional disciplinary action, including deportation, after a video of him assaulting a worker went viral.
Africa and China Moving Towards Greater Economic Integration: Chinese Scholar
Following the go-go 2010s, when every week seemed to bring a new announcement of a headlining Chinese project in Africa, the 2020s are frequently framed as an era of cooling economic relations. This is a misreading, argues Tang Xiaoyang, the
Chinese Embassy Rebukes European Official’s Critique of Ghana Trade Relations
The Chinese embassy in Ghana blasted remarks by David McAllister, chair of the Committee on Foreign Affairs of the European Parliament, who led a six-member delegation to visit legislators in Accra and warned about the dangers of becoming overly reliant on China for trade and investment.
BYD Plans Big Push Into Africa’s Largest Auto Market
Chinese EV giant BYD unveiled plans to build out 300 charging stations across South Africa before the end of next year as part of a larger expansion drive in Africa's largest auto market. “This is big money, this is a big investment,” ...
DRC’s Cobalt Quota Raises Uncertainty for Chinese Producers
The Democratic Republic of Congo’s new cobalt export quotas are set to go live on 16 October. The measure replaces a blanket export ban aimed at increasing global cobalt prices. Before the ban in February, global stockpiles had reached 60,000 tons (enough for three months’ worth ...
As Chinese Imports Flood In, Ethiopia’s Weavers Fight for Survival
By Dylan Gamba Behind the looms of a workshop in the heart of Addis Ababa, dozens of weavers deftly repeat the same motions to craft traditional dresses -- a centuries-old skill now threatened by Ethiopia's economic hardships.
China’s Manufacturing Might Keep Africa Tied to Its Solar Supply Chain
China’s manufacturing dominance remains tightly bound to Africa’s struggle for energy access. The continent holds the raw materials essential for producing renewable energy technologies, yet its factories lack the scale and efficiency to compete with China’s vast industrial base. As ...
Chinese Companies Are Changing the Way They Operate in Africa
By Elisa Gambino and Costanza Franceschini For most of the past 25 years, Chinese construction companies operating in Africa could count on generous financial backing from Chinese banks. Between 2000 and 2019, Chinese funders committed almost $50 billion to African transport ...