Tag: Africa
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New Copper/Cobalt Trade Corridors Take Shape to Serve as Alternative to South Africa
Zambia, the Democratic Republic of Congo, and Angola will set up an agency to manage a logistics corridor linking them to Angola’s Lobito port. The move comes as South Africa's Durban port has faced repeated delays. A concession to manage the corridor was recently ...
Africa is Now a VERY Popular Destination For Western Ministers and High-Ranking Diplomats
For years, China was largely alone in regularly dispatching its foreign ministers and high-ranking diplomats to tour Africa. That is no longer the case as U.S., European and Russian diplomats are fanning out across the continent faster than they have in years. ...
South Africa Turned Down Invitation for Join Naval Exercises With U.S., Choosing Russia and China Instead
South Africa is apparently not interested in conducting joint naval exercises with the United States, opting instead to proceed with controversial exercises later this month with both Russia and China. U.S. Navy Rear Admiral Chase Patrick, Director, Maritime Headquarters, U.S. Naval ...
Debunking Propaganda in the Debate Over “Western Private Creditor” Debt in Africa
In this short piece, I will use statistical data extracted from the World Bank's online database. The figures I will use here are for Africa as a whole, i.e. sub-Saharan Africa (the one most often referred to when talking about "African" debt) and North Africa. Figures are for the ...
China Updates 2022 Africa Trade Figures
Chinese customs authorities are slowly releasing new trade data for individual African countries following its January announcement that trade with the continent rose by 14.5% to $276.8 billion. Country data is similarly higher than in 2021. China's Trade with Key African Countries: ...
China’s High-Profile Envoy to the DR Congo to Leave This Week
Zhu Jing, China’s outgoing ambassador, is making the rounds of Kinshasa to say goodbye before leaving the country later this week. He is vacating his post as part of a routine rotation. Zhu was a prominent voice for China as the DRC became ...
Chinese Contractor Completes 105km Railway Upgrade in Namibia
China Gezhouba Group Corp (CGGC) finished a 107.5km upgrade of a rail line between the Namibian harbor Walvis Bay and the central logistics hub of Arandis on time, despite materials shortages and COVID-related delays. The upgrade doubles transport speeds on the line. The ...
Germany’s Finance Minister Singles Out China in Debt Relief Appeal for Ghana
German Finance Minister Christian Lindner is the latest high-ranking Western official to pressure China to do more to help relieve the burgeoning debt crisis in a growing number of African countries. "I remind China of its responsibilities as a very important ...
How Much Ghana Owes China Depends on Who You Ask
At first glance, Ghana doesn't owe China that much when measured against its outstanding debts to both multilateral development banks like the IMF and the World Bank and, more importantly, bondholders. $1.7 billion in the context of what other developing countries owe Chinese ...
Why Linda Thomas-Greenfield’s Hot Take on Chinese Debt in Africa Is So Problematic
In a recent interview, the U.S. ambassador to the UN (and former U.S. Assistant Secretary of State for Africa) weighed in on China's role in African debt distress in terms that could be described as 'blinkered' at best ('disingenuous' is another possibility):
China Blocked Kenya From Getting Competitive Bids to Build Costly Railway, Supreme Court Told
Kenya’s Supreme Court hearings into the Standard Gauge Railway (SGR) deal are revealing a deal tainted by collusion between Chinese and Kenyan actors. The account emerging from testimony shows that the deal defied oversight from the start. COMPETITIVE BIDDING: Financing depended on China ...
Angolan Police Arrest 8 in Raid on Chinese-run Bitcoin Mining Operation
Eight Chinese nationals were arrested and servers and other equipment were seized by Angolan authorities during a raid on a Chinese-led illegal bitcoin mining operation hidden in a brick factory in Kwanza Norte Province. (AFRICAN OVERSEAS CHINESE NEWS - in Chinese)