Tag: Africa
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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 ...
Chinese Auto Brands Zoom Past U.S., EU, and Japanese Competitors in South Africa
The latest auto sales data for South Africa reflects the growing prominence of Chinese brands: They are not yet at the top of the table, but they are moving up fast, and more Chinese competitors are rapidly entering the market. In ...
U.S. Tries Again to Secure China-Free Critical Resources Supply From the DR Congo
For the second time in two years, the United States signed an agreement with the Democratic Republic of the Congo in a bid to secure reliable supplies of critical resources free of any Chinese entanglements. The U.S. on Monday announced it ...
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 ...
Trade Numbers Reveal Africa-China Sticking Points
New Africa-China trade figures released by China’s General Administration of Customs reveal a low-energy trade relationship hemmed in by structural constraints. The Chinese authorities tried to put a happy face on it by emphasizing the 1.5% increase in trade (to a total ...
China Launches Egypt’s Newest Satellite Into Orbit
Egypt's NextSat-1 satellite blasted into space from a seaborne launch pad off the coast of Yangjiang in China's southern Guangdong province on Saturday. The small, microsatellite weighs only 67kgs and was shot into orbit on the back of a Jielong-3 (Smart Dragon-3) ...
Chinese Party-to-Party Diplomacy in Rwanda
Wellars Gasamagera, the Secretary-General of the ruling Rwandan Patriotic Front party met with Wang Huning, one of Xi Jinping’s key political advisors and a senior member of the Communist Party of China. Wang is currently a member of ...
DRC Ex-Prez Gets PhD Focusing on China
A PhD dissertation by Joseph Kabila, the former president of the Democratic Republic of the Congo, has been approved by South Africa’s University of Johannesburg. Kabila was a key architect of the controversial Sicomines deal. His dissertation title is "Geopolitical Turn: USA-China-Russia Rivalry and Implications for ...
Details Of Revamped China-Congo Mining Deal Emerge
Democratic Republic of Congo President Felix Tshisekedi surprised many late last week with an announcement that the controversial Sicomines deal has been successfully renegotiated. Tshisekedi had made reworking the controversial resource-for-infrastructure deal with a Chinese consortium that included firms like Sinohydro and ...
China’s Total Global Trade Fell Last Year Except With Africa, Australia
The value of China's total global trade dipped 5% in 2023 compared to the previous years to $5.93 trillion dollars, according to figures released by the General Administration of Customs (GAC). Every January, the GAC releases these preliminary figures that are ...
China’s Top Africa Diplomat Arrives in Nigeria Days After Blinken Visit
China's most senior diplomat for African affairs, Wu Peng, arrived in Abuja on Friday, just days after U.S. Secretary of State Antony Blinken visited the Nigerian capital. Wu is currently on a tour of the continent that also includes stops in
Chinese EV Giant BYD Launches in Rwanda
BYD, the world's largest electric vehicle manufacturer, is continuing its expansion in Africa when it launches soon in Rwanda. The company made the announcement on X last week but did not provide specific details as to when sales will begin and ...