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Rotimi Amaechi Opponents Double Down on China Smears

Opponents of Nigerian Transport Minister Rotimi Amaechi’s presidential run are using paid media content to paint him as too close to China. This is the newest attempt to link Amaechi with China, after the Chinese embassy in Abuja hit back at similar rumors last week. ...

We Now Know More About Zambia’s Debt… And It’s Not Good

The Zambian government owes creditors close to $27 billion, according to new data released by the Finance Ministry on Wednesday. The majority of those debts, $16.86 billion, are owed to foreign creditors and also include half a billion dollars of penalties for late payments. ...

Time’s Up. Kenya’s Debt Deferral Deal With China Runs Out at the End of the Month and a Big Payment is Due

The 6-month debt deferral deal that Kenya secured with China back in January under the auspices of the G20 is now coming to an end and the government will either have to come up with almost a billion dollars to begin loan payments or negotiate ...

As Nigeria’s Debt Steadily Grows, China’s Share Shrinks — Yet Somehow Lots of People Still Worried About “Debt Traps”

Nigeria's Debt Management Office (DMO) announced late last week that the country's external debts will increase to $83 billion due to $2.5 billion of new loans provided by the World Bank and the Export-Import Bank of Brazil to help mitigate the effects of the ongoing ...

Africa Check (Again) Tries to Debunk Misperceptions About Nigeria’s Debts to China

Concerns over Chinese debt sustainability in Nigeria have resurfaced recently due to the government's jump-starting the construction of a $5.3 billion standard gauge railway that will be built and financed through concessional lending by the Chinese government.  Also, a ...

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 ...

Worsening Security Conditions in Mozambique Threaten Huge US EXIM Bank Pipeline Deal Meant to Stymie China

The U.S. Export-Import Bank disregarded warnings about the worsening security situation in Mozambique and went ahead with a risky $4.7 billion loan for a gas pipeline last year that is now in serious trouble. The bank became the largest creditor on ...

A Groundbreaking New Report Provides Unprecedented Insights Into Chinese Lending Practices Around the World

A new report provides an unprecedented view into Chinese loan contracts with dozens of governments throughout the Global South. Researchers from AidData, the Kiel Institute, and the Center for Global Development analyzed 100 contracts between Chinese state-owned entities and government borrowers in 24 countries and then compared ...

Who China Lends Money to in Africa and How Much They Provide Has Changed a Lot

One of the key findings in CARI's newest report on Chinese lending patterns in Africa revealed a major shift in who Chinese creditors are lending money to and for how much. The once enormous resource for infrastructure loans extended to countries ...

The Star Editorial Board: SGR Needs to Go Regional to Repay Its Chinese Creditors

Kenya needs to invest even more money into the embattled SGR if the railway has any chance of becoming financially self-sufficient to the point where it can repay its Chinese creditors, according to an editorial in today's The Star newspaper. For ...

Researchers Want Official Washington to Know That China’s Actually Doing Quite a Bit to Relieve the Debt Problem in Africa

While U.S. policymakers are trying to come up with a new, more effective approach to challenge China's engagement in Africa, a trio of scholars at the Washington, D.C.-based China-Africa Research Initiative at Johns Hopkins University want to make it clear that Beijing is actually doing far more ...

Analyst: Nigeria on the Cusp of a Debt Crisis, But Loans From China Not to Blame

The Nigerian Debt Management Office on Monday revealed that it has $5.8 billion of borrowed money on its books that it hasn't disbursed. This prompted new worries among some financial analysts that the actual debt-to-GDP ratio has surpassed 100%, meaning that the country has taken on so ...

Africa’s Most Indebted Countries Caught in a Vice Between Creditors and Credit Ratings Agencies

Chad, Zambia, and Ethiopia are among a growing number of African countries seeking debt relief under the G20's common framework (CF) and while that might provide some temporary relief, one of the world's largest credit ratings agencies warned on Tuesday that it's going to come at a ...
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