Tag: Africa
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Xi’s State-Centric Focus an Opportunity for Africa: Analyst
The South African analyst Steven Kuo wrote in a recent column in the financial daily Business Day that Chinese President Xi Jinping's third term heralds a shift towards state-owned enterprises: "That means there will be more Chinese private enterprises that are ...
Africa’s Dangerous Ignorance of China
Last week’s news was dominated by the publication, on Sunday, November 6, 2022, of part of the Kenyan SGR contract. It was far from the entire contract promised by the new Kenyan transport minister, but it was still a step towards transparency after years of ...
China-Linked Group Will Run Angolan Transport Corridor
The Angolan government has signed a $450 million agreement with the Portuguese infrastructure group Mota-Engil to run rail and logistics in the Lobito Transport Corridor, which connects Lobito Port to the mining zone in the southern Democratic Republic of Congo.
Kenya’s Supreme Court to Weigh In on SGR Contract
Kenya’s Supreme Court will rule on the legality of the country’s Standard Gauge Railway contract. Opponents say the contract being awarded to China Road and Bridge Corp contravened Kenya’s competitive tender rules. The ruling will ...
China Cuts Import Tariffs for Ten Poor Countries
China will cut tariffs on 98% of taxable imports from ten low-income countries. 8,786 different products from Afghanistan, Benin, Burkina Faso, Guinea-Bissau, Lesotho, Malawi, Sao Tome and Principe, Tanzania, Uganda, and Zambia will be zero-rated from December 1.
China’s Growing Influence in West Africa
As former colonial powers like France and the United Kingdom lose their relevance in West Africa, the region is pivoting to China. This trend comes as China’s own confidence in West Africa is growing, despite relatively slow engagement compared to other parts of the ...
More Evidence that the Africa-China Relationship is Increasingly Driven by Politics, Not Commodities
For centuries, many assumed that Africa's greatest contribution to the global economy was through selling stuff that comes out of the ground. That was certainly what drew the Chinese to Africa back in the early 2000s. Today that's no longer the case.
Chinese Oil Buying in Africa Plunges Amid Shift to Suppliers in Russia, Persian Gulf
Chinese oil imports from African countries dropped 22.6% year-on-year in the January-September period, highlighting a decade-long transition away from the continent to suppliers in Russia, the Persian Gulf and Brazil. The drop in 2022 further eroded Africa's total ...
Algeria is the Latest Developing Country to Get in Line to Join the BRICS Group
The Algerian Ministry of Foreign Affairs officially submitted its application this week to become a new member of the BRICS club. Algeria now joins a growing list of developing countries, including Argentina, Saudi Arabia, and Iran, that all want to join the Chinese-initiated group. ...
Chinese State Media Tries to Put a Positive Spin on Trade Ties With Tanzania
The Communist Party-run tabloid Global Times is trying its very best to send a positive message about the state of China's trade with Tanzania. On Tuesday, the newspaper featured an interview with Chinese ambassador Chen Mingjian who touted the recent announcement to remove tariffs on ...
Just as in Nigeria, Kenyan Lawmakers Are Also Confused About What It Means to Waive “Sovereign Immunity” in Chinese Loan Contracts
Anger is mounting across Kenyan society over the terms of the loan agreements with the China Exim Bank for the multi-billion dollar Standard Gauge Railway that were released by the government on Sunday. Members of Parliament are sounding off in the ...
China and the Global South: What to Watch at COP27
By Cecilia Springer This week, delegations from around the world are convening in Sharm El-Sheikh, Egypt, for the annual 2022 United Nations Climate Change Conference, or COP27. With Egypt hosting, this year’s climate talks promise to spotlight ...