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Nepal Charges Chinese Company with Corruption

An anti-corruption body in Nepal charged 55 people, including five ex-ministers, with corruption. They are accused of colluding with China CAMC Engineering Co., a subsidiary of the state-owned corporation Sinomach, in corruption related to an airport tender. The body ...

Tonga Gets Full Diplomatic Treatment Amid Pacific Tensions

Tonga’s King Tupou VI wrapped up a 6-day visit to China that saw him meeting with Chinese President Xi Jinping, Premier Li Qiang, and Zhao Leji, the head of the National People’s Congress’s Standing Committee. The visit saw the signing ...

IMF Warns Kenya Over Risks of Converting Debt to Yuan

The International Monetary Fund cautioned Kenya over the dangers of converting U.S. dollar-denominated loans to new loans priced in Chinese yuan. In October, Kenya announced that it plans to convert the remaining $3.5 billion of debt owed to the China Exim ...

Kenya’s Chinese Debt Swap Comes With a Hidden Currency Risk

The Kenyan Treasury last month announced a breakthrough in its years-long effort to restructure billions of dollars still owed to the China Exim Bank that were used to build the Standard Gauge Railway. The two ...

Africa’s Energy Future: China’s Role and the Power of Data

As Africa confronts persistent energy gaps and mounting development challenges, China’s growing role in the continent’s electricity sector has far-reaching economic and geopolitical implications. Understanding the scope and impact of Chinese investment is crucial—not only for powering Africa’s industrial and social ...

Analysis from Cobus van Staden

The G20 Summit and the Half-Life of a Joke

When it was announced in 2023 that the African Union would become a full member of the G20, I darkly joked on a podcast that the AU’s entry into the body could very well mark the moment the G20 lost its status as one of the most important global coordination forums. Mark my words, I said, soon The Economist will be like “Uhhh, the G20 is OVER – it’s the ...

Kenya’s China Debt Deal Challenges Old Narratives

Kenya and China have reached a groundbreaking agreement to restructure $3.5 billion in railway loans, converting them from U.S. dollars into Chinese yuan. The move could save Kenya $215 million in debt servicing costs and marks the first time an African ...

After Kenya Secures Landmark Railway Debt Deal With China, Indonesia Eyes a Similar Renegotiation

Indonesia's Investment Minister Rosan Roeslani confirmed on Wednesday that talks are underway with Chinese creditors to restructure the $7.3 billion of debt owed by the Sino-Indonesian joint venture that operates the Whoosh high-speed railway. Although the train has been popular with travelers, 

Brazil and China Launch $1 Billion Fund to Boost Strategic Investments

Brazil and China unveiled plans for a $1 billion bilateral investment fund, with Brazil’s Development Bank contributing about $400 million and China’s Export-Import Bank committing the remainder. The new fund will target sectors including energy transition, infrastructure, agriculture, and artificial intelligence, ...

Crude Deals or Clever Design? Unpacking China’s Resource-Backed Finance in Africa

It is not every day that a highway is paid for with barrels of oil. Yet in parts of Sub-Saharan Africa, that is exactly how some of the region’s largest infrastructure projects are being financed. Instead of tapping their treasuries or issuing sovereign bonds, governments are ...

It’s Payback Time For a Lot of Those Chinese Loans

Borrowers in Africa and other developing regions are expected to repay $35 billion of Chinese loans this year, with two-thirds of the amount coming from the world's poorest countries. Many of these debts were taken out in the mid-2010s and are ...

With Chinese Backing, Cameroon Opens Second Phase of Kribi Deep-Sea Port

Cameroon opened the second phase of its Kribi deep-sea port earlier this month, marking a major step in the country’s efforts to strengthen its logistics infrastructure and expand its role in regional trade. The government completed the $650 million ...

With Chinese Backing, Cameroon Opens Second Phase of Kribi Deep-Sea Port

Cameroon opened the second phase of its Kribi deep-sea port earlier this month, marking a major step in the country’s efforts to strengthen its logistics infrastructure and expand its role in regional trade. The government completed the $650 million ...
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