Tag: Development
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FOCAC and the Recalibration of Africa-China Relations
By Chris Alden and Lukas Fiala As the news cycle surrounding last week’s Forum on China-Africa Cooperation (FOCAC) is gradually slowing down, it’s time to think about the bigger picture and what this summit has achieved. While not evident at first ...
FOCAC and China’s Global Messaging
This year’s Forum on China-Africa Cooperation was partly aimed at reinvigorating a relationship many had framed as declining. Preceded by new data showing that Chinese project financing in Africa increased after a multi-year fall, China sought to use FOCAC to present an image of its engagement with ...
China Pushes Smaller, Smarter Loans to Africa to Shield From Risks
By Matthew Walsh China's years of splashing cash on big-ticket infrastructure projects in Africa may be over, analysts say, with Beijing seeking to shield itself from risky, indebted partners on the continent as it grapples with a slowing economy at home. ...
S. Africa’s Ramaphosa Hails China’s $50 Billion Pledge as ‘Great Boon’ for Continent
South African President Cyril Ramaphosa called Chinese leader Xi Jinping's pledge on Thursday of $50 billion in financing to Africa over the next three years a "great boon" for the continent. "I am very positively disposed to the amount of money ...
China’s Xi Promises $50 Billion for Africa Over Next Three Years
By Sam Davies Chinese President Xi Jinping on Thursday pledged over $50 billion in financing for Africa over the next three years, promising to deepen cooperation in infrastructure and trade with the continent as he addressed Beijing's biggest summit since the ...
Chinese, African Perspectives on the FOCAC Summit
This year's Forum on China-Africa Cooperation (FOCAC) summit comes at a critical time for governments in both regions. While China is embroiled in an increasingly contentious great power duel with the United States, African governments are under mounting economic and social ...
Navigating Risk and Relationships: Chinese Loans to Africa in 2023
By Diego Morro, Victoria Yvonne Bien-Aimé and Lucas Engel This week, African and Chinese leaders are gathering in Beijing for the 2024 Summit of the Forum on China-Africa Cooperation amid significant anticipation from observers about the summit’s key priorities and whether ...
Algeria Joins the BRICS New Development Bank
Algeria has been approved for membership in the BRICS New Development Bank (NDB), the country’s finance ministry has announced. The decision was taken on Saturday and announced by NDB chief Dilma Rousseff at a Cape Town, South Africa meeting.
African Leaders in Beijing Eyeing Big Loans and Investment
By Oliver Hotham African leaders will arrive in China's capital this week, seeking funds for big-ticket infrastructure projects as they face mounting great power competition over resources and influence on the continent. China has expanded ...
David Monyae on the Politics of FOCAC
Final preparations are underway for the upcoming Forum on China-Africa Cooperation summit, which begins on September 4th in Beijing. This year's event comes at a particularly fraught time amid wars in Europe, the Middle East and the simmering Great Power rivalry ...
Everything You Need To Know About FOCAC 2024
With the ninth Forum on China-Africa Cooperation (FOCAC) now concluded, key themes and outcomes from the meeting have come into focus. While China and Africa remain aligned on many critical issues, the balance between their converging and diverging interests shaped the results of FOCAC 2024 in ...
Learning Through Lending: China-Africa Economic Engagement through FOCACs Past and Present
By Lucas Engel As the 2024 Summit of the Forum on China-Africa Cooperation (FOCAC) approaches, it is warranted to look back at the trajectory of China-African economic engagement and assess its current state. For China, FOCAC, ...