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New Research Reveals China’s BRI Riddled With Corruption, Labor Problems and Billions in “Hidden Debts”

Developing countries along China's Belt and Road Initiative (BRI) owe nearly $400 billion in so-called "hidden debts," according to a landmark new study published on Wednesday from AidData researchers at the College of William & Mary in Virginia. These newly discovered ...

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 ...

Who’s Next to Fall? Moody’s Points to Mozambique

In the wake of Zambia's default on a portion of its private creditor debt and the subsequent downgrade by international credit ratings agencies, investors are scanning the map to see which country will tumble next. According to the global ratings agency Moody's Investors Services, Mozambique is a ...

In the Aftermath of Zambia’s Default, Fitch Warns Four Other African Countries Could Soon Follow

One of the world's major credit ratings agencies, Fitch Ratings, issued an ominous warning that last week's downgrade of Zambia's will likely not be the last in Sub-Saharan Africa. In an article published on its website yesterday, the agency highlighted Angola, the Republic of ...

The Global Ratings Agency Fitch Issued a New Note on Private Sector Debt and It’s Not Good News for Poor Countries

Poor countries, including many in Africa, are increasingly in a debt trap... not to the Chinese but private creditors. One of the world's big three credit ratings agencies, Fitch Ratings, issued a new report on Friday that clearly states if a country seeks any kind of debt ...

Analysis from Cobus van Staden

2026: Africa-China Relations in a World Shaped by North-South Geopolitics

When talking about Africa–China relations, one is always moving along a sliding scale. There are myriad interactions with Chinese entities that concern only individual African countries, segueing into trends affecting the whole continent and sliding further into global dynamics shaping the developing world, of which Africa is the heart.

The Africa-China relationship is its own thing, but Africa’s fate can’t easily be separated from factors affecting the wider Global South, ...

UN Agency is Upset With Moody’s After the Firm Took Action Against Four African Countries

The United Nations’ Department of Economic and Social Affairs is disappointed with Moody's Investors Services after the global ratings agency put four African countries up for review following their decision to join the G20's debt service suspension initiative (DSSI), according to a report in ...

It’s Time We Have an Honest Discussion About African Debt Relief

There's a huge disconnect between the debt relief discussion currently taking place on many webinars hosted by academics and analysts, and the reality of what's actually happening. We're now five months into this crisis and one thing is clear: bondholders, pension ...