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Two Competing Views of the New Chinese-built Naivasha Standard Gauge Railway Line in Kenya
The Chinese-financed and constructed Standard Gauge Railway in Kenya is an extremely polarizing issue for many people in Kenya and throughout East Africa. Critics of President Uhuru Kenyatta see it as a financial boondoggle that will never pay for itself, leaving future generations to pick up the ...
Kenya Rushes to Get $4 Billion of Infrastructure Loans Approved for the “Big Four” Projects
The government is in a race against time to secure new loans amounting to $4.1 billion to fund President Uhuru Kenyatta's ambitious "Big Four" projects that include food security, manufacturing, affordable housing, and affordable healthcare. Where's the Money Going to ...
Dr. Enga Kameni: Africa Needs to Come Together if it Wants Better Trade Deals with China
Dr. Enga Kameni, Manager of Legal Services of the African ExportImport Bank (Afreximbank) delivered an interesting presentation at Boston University's Global Development Policy Center last week where he spoke about the importance of the broader China-Africa relationship and explained why it's important that African states restructure their economic ...
Q&A: Are We Heading for a China-Zambia Break-Up Over Debt? Probably Not.
For the second time in less than a month, there's been an alarming media report about China and Zambia reaching some kind of inflection point over the issue of debt. This weekend, the South China Morning Post newspaper in Hong Kong published a story with a provocative ...
Chinese Loans in Africa: Debt or Latent Aid?
China’s lending to developing countries often comes as part of massive financial packages for mega-projects. Debt sustainability comes into question for both parties involved. Some critics warn of debt traps where China is jockeying for political influence and ownership, while other ...
World Bank: China Sinks Further Into Debt While Investors Seem to Love Buying African Sovereign Bonds
On average, the external debt burden of low and middle-income countries remains moderate. The ratio of external debt to GNI averaged 26 percent at the end of 2018, unchanged from the prior year average, and the ratio of external debt-to-export earnings improved slightly.
Understanding China’s Belt and Road Infrastructure Projects in Africa
David Dollar, senior fellow in the John L. Thornton China Center at the Brookings Institution, challenges a number of the prevailing themes common in US and European capitals about China's Belt and Road Initiative. In his paper, published on the Brookings website, Dollar addresses ...
AfDB President: “Africa Has Absolutely No Debt Crisis”
The Chinese are often accused of fueling a debt crisis in Africa due to excessive lending. While are certainly worrisome levels of debt in some countries, particularly Djibouti, Zambia and Kenya among others, the president of the African Development Bank, Akinwumi Adesina, told Bloomberg that worries ...
The Kenyan Government is Forcing Transport Companies to Use the SGR
Cargo Transporters in Kenya oppose move by the government making it compulsory for cargo transported by the SGR #KTNBusiness #KTNBusinessToday pic.twitter.com/eHlSEaDf9K — ktn (@KTNKenya) September 23, 2019
China Says it Believes in Debt Sustainability, Just Not the Way Everyone Else Does
Countries around the world, particularly in Africa, are taking huge amounts of Chinese debt to build badly-needed infrastructure but often without a plan on how to re-pay those loans. That’s given way for critics in the US, Europe, and Japan to ...
Podcast Transcript: Will China Come to the Rescue of South Africa’s Ailing Energy Giant Eskom?
Eric: Hello and welcome to another edition of the China in Africa podcast. I'm Eric Olander and as always I'm joined by Cobus Van Staden, senior China Africa Researcher at the South African Institute of International Affairs in Johannesburg, South Africa. ...
Deborah Brautigam: No Evidence of Chinese Debt Traps in Africa
Johns Hopkins University professor and director of the China-Africa Research Initiative in Washington, D.C., Deborah Brautigam, joins Eric & Cobus this week to discuss accusations that China engages in so-called "debt trap diplomacy." The "debt trap" narrative, also commonly referred to as ...