Tag: Africa
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Embassy Briefs Chinese Business Community in DR Congo on Worsening Security Conditions
China's ambassador to the DR Congo, Zhu Jing, hosted a briefing at the embassy for Chinese companies operating in the country about the deteriorating security conditions. Representatives from at least 50 Chinese companies attended the session last week that also included ...
China’s Renewable Energy Expertise Could Help Cape Town Address Crippling Blackouts
As South Africa’s power woes worsen, Cape Town is seeking to double electricity supplies from hydropower from the current 200 megawatts (MW) in a desperate bid to reduce the impact of chronic power outages. South Africa’s second-biggest city is trying ...
Challenging Chinese Mining Contracts Isn’t About Politics, It’s About What’s Fair, Says DRC Finance Minister
DR Congo Finance Minister Nicolas Kazadi pushed back against the narrative that Kinshasa is specifically targeting Chinese companies over unfair mining contracts. The minister was adamant in his discussion with Financial Times correspondent Tom Wilson at the FT Commodities Global ...
Zambia’s Debt Grows to $33 Billion as Restructuring Talks Stall and Interest Accrues
The Zambian Finance Ministry released its latest debt figures this week that reveals the painful cost that delays in restructuring are exacting on the economically-distressed country. The country's total public debt now stands at $32.8 billion, up $300 million since last ...
Harris Arrives in Zambia Where China Questions Will Loom Much Larger Than in Ghana
U.S. Vice President landed in Zambia on Wednesday for the second leg of a three-nation, week-long Africa tour. During her first stop in Ghana, the Vice President assiduously tried to avoid any reference to China despite persistent questions from the traveling ...
Will China, UAE’s Masdar Successfully Collaborate to Give Africa Reliable Renewable Energy?
The shift to renewable energy is gaining momentum in Africa with the Ivory Coast signing an agreement with Masdar, the United Arab Emirates (UAE) renewable energy company on the exploration and development of a 50-70 megawatt (MW) solar power plant. In ...
Lending Data Offers Clue to China’s Global South Influence
A new report led by the U.S.-based research center AidData is drawing global attention this week. It shows that from 2008 to 2021, China spent $240 billion in bailouts and liquidity support to 22 Global South countries. Even though the report focuses ...
Fierce Debate Underway in the DR Congo Over Whether China Has Met Its Infrastructure Development Obligations
The Congolese stakeholders in the controversial Chinese mining joint venture Sicomines are calling for further revisions to the controversial multibillion-dollar resource-for-infrastructure deal. At issue are stark differences in what the Congolese side believes it's owed in terms of infrastructure development and ...
Georgetown University’s Ken Opalo Why the U.S. Can’t Compete With China in Africa
Until the Biden administration released its new strategy for Africa last August, U.S. foreign policy towards the continent had been largely shaped by a longstanding desire in Washington to challenge China's growing presence there. Going all the way back to the ...
China Should Not Compromise With Western Creditors in Zambian Debt Relief, Says Prominent Scholar
Zambia’s debt renegotiation is being delayed by barriers within China’s banking system and by Western pressure. So says Professor Tang Xiaoyang, a prominent expert on Chinese overseas development finance and the director of the Department of International Relations at Tsinghua University, in an interesting interview with the ...
South Africa Hosts Trade Discussions With Chongqing, One of China’s Largest Industrial Cities
The Southwestern Chinese industrial mega-city Chongqing hosted a delegation from South Africa last week to discuss how the two sides can further increase the $600 million of trade the two sides did last year. The event highlights how sub-national actors like ...
Egypt’s Chinese Green Hydrogen Project Could be a Blueprint for Africa
Egypt and China are seeking to consolidate economic and investment cooperation in various areas of common interest, including clean energy through the China hydrogen project. The China International Energy Group (CIEG) intends to establish a $5 to $8 billion project ...