Tag: Africa
Related Posts
South Africa, China and Russia to Conduct Joint Naval Exercises
Russia, China and South Africa will conduct trilateral naval exercises in South African waters from 17-24 February. The three navies conducted similar exercises in 2019, and China-Russia exercises took place in the East China Sea in December. The exercises will include force ...
Africa, Meet Qin Gang… Qin Gang, this is Africa
Chinese Foreign Minister Qin Gang begins a five-nation, week-long tour of Africa in what will be his first public appearance in his new role. Qin, who until a few weeks ago was Beijing's envoy to Washington, D.C., is a Europeanist who has no background in African affairs ...
South Africa’s Ruling ANC Party Calls For BRICS Expansion
South Africa's ruling African National Congress party said the government should use its position as chairman of the BRICS group to welcome new countries to the China-founded bloc. “The ANC and ANC-led government should support the expansion of BRICS by admitting ...
Can Zimbabwe Emulate Indonesia’s Tough Approach to Chinese Miners?
The Chinese mining company Zhejiang Huayou Cobalt is chafing under pressure from the Zimbabwean government to convert its lithium mining operation in the country into a plant producing battery-grade lithium within five years. The company at present, only has plans to build a ...
How Africa-China Studies Exploded Since 2012
The SSRC report is its first mapping of the Africa-China field since 2012 and shows the field’s rapid expansion. Ten years ago, it found three key subfields in Africa-China studies: trade and aid; the role of multilateral institutions, and migration. By ...
Will Infrastructure Boost African Growth? Maybe Not, Says Economist
The Kenyan economist David Ndii published a fascinating paper casting doubt on one of the most fundamental assumptions in Africa-China relations: that the key to boosting growth is infrastructure. Ndii, a prominent critic of the ‘first build a road’ infrastructure-focused orthodoxy, ...
Chinese Contractor Signs $2.2 Billion Deal to Build Next Stage of Tanzania’s Standard Gauge Railway
The Tanzanian government and an unspecified Chinese contractor signed a $2.2 billion contract on Tuesday to build a 2,561km rail line from Dar es Salaam to the Lake Victoria city of Mwanza. It's important to note that even though Chinese contractors ...
Ghana Shows the Global South’s Debt Problem is Bigger than China
The news that Ghana has defaulted on its external debt is sending shivers through the continent. It immediately raises questions about how the Ghanaian people will overcome the crisis and which country could be next. In response to the default, today’s newsletter examines the debt issue from ...
Ghana Becomes Latest Global South Country to Default on Debt
Ghana announced it will suspend payments on most of its debt to bondholders, other commercial lenders, and foreign governments, officially putting it in default. The announcement comes a week after a staff-level meeting with the IMF and a ratings downgrade. Ghana’s economy is spiraling, with 70%-100% of government revenue going to ...
One of China’s Top Africa Diplomats in Ghana Just as Debt Crisis Unfolded
One of China's most senior Africa diplomats, Special Representative Liu Yuxi, was in Ghana on the same day the country's finance ministry announced it would suspend debt repayments to external creditors. Liu appears to be on a regional tour of West Africa , so ...
Zambia’s President Hichilema Clarifies Chinese Loans’ Role in Debt Crisis
As Ghana sinks into debt distress, many are looking to Zambia’s debt restructuring process for clues on how China will feature. Zambia’s President Hakainde Hichilema provided a glimpse into his government’s thinking about Chinese debt at a Council on Foreign Relations event ...
Get Ready For Lots of Tough Talk on Chinese Debt When Janet Yellen Travels to Africa Next Month
Just days after it wrapped up a summit with African leaders, the Biden administration is following through on its promise to send more high-level officials to the continent. First up is Treasury Secretary Janet Yellen, who will ...