Tag: finance
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Key Takeaways From AidData’s New Report on How China’s Finances the BRI
AidData, the development research lab at William & Mary College in Virginia, published a landmark report this week that provides the most comprehensive overview to date of Chinese financing of projects along the Belt and Road. Researchers pored through 13,247 projects ...
Prominent Peking U Finance Professor Warns Evergrande Crisis Could Impact China’s Raw Material Suppliers
So far, shock waves from the massive implosion of the $305 billion property development group China Evergrande have not been felt abroad, but that could soon change if the crisis forces Beijing to retrench, warned a leading Peking Univesity finance professor.
China’s Role in the Burgeoning Debt Challenge in Africa
The debt situation in Africa is changing very quickly as some countries race to negotiate urgent bailouts with the IMF while others are struggling to service their debts amid the ongoing pandemic. Pretty much every country across the continent is struggling ...
With Chinese Infrastructure Financing Drying Up in Africa, China’s Contractors Now Look to Europe
China's construction giants are knocking on the doors of development finance agencies in Europe in a bid to find new sources of funding for projects in Africa, according to a report in Global Trade Review. Until recently, Chinese ...
Chinese Oil Buyers Have a Renewed Appetite for Angola Crude
After a quiet past few months when oil prices slid from the once heady highs, Chinese refiners are showing signs of increased demand for Angolan crude. Traders in Asia and Europe told Reuters that Chinese buyers have been snapping up Angolan oil at higher premiums than in ...
Can Africa Learn Anything From How China Runs Its State Companies?
As African countries work to rebuild their economies from the wreckage caused by the ongoing COVID pandemic, policymakers will be looking at what they can do to bolster their countries' state-owned enterprises (SOE). That may prompt them to examine China's model ...
New Trends in Chinese Energy & Development Finance
U.S. special climate envoy John Kerry will be in China next week to pressure the government to renounce all future financing of coal power plants around the world. Although China generally does not respond well to foreign demands like ...
Ethiopia Moves to Restructure SOE Debt, No Word Though On China Loans
The Ethiopian Ministry of Finance (MOF) is bundling together the debts of six of its largest state-owned enterprises and will transfer the liability for these debts from the firms to the MOF itself. No mention, though, was made at
With Smaller, Targeted Loans, China Deploys New Development Finance Strategy in Africa
The huge state-owned power construction company China Three Gorges Corporation (CTG) signed a small $31.22 million contract last week to upgrade a pair of substations outside of the Ghanaian capital Accra. For a company as large as CTG a deal like this is financially insignificant, but it ...
Port Closures in China and Higher Yields in the U.S. Threaten to Batter Africa’s Fragile Economies
Many of Africa's already embattled economies are bracing for more pain as the rapidly spreading Delta variant provokes new disruptions to the global trading system and encourages bond investors to flee emerging markets for shelter in U.S. government debt. ...
Zambia’s New President Has a Unique Opportunity To Reset Ties With China
Hakainde Hichilema's decisive election victory to become the eighth president of Zambia in the post-colonial era is a gust of good news that Africa and the world at large badly needed. His win is an endorsement of democracy in a region where we've seen so many other ...
Africa’s Largest Bank Is Positioning Itself as a Turn-Key China-Africa Trade Agent
Standard Bank's Zambian unit wants farmers to know they're a one-stop-shop to import equipment and other agricultural materials from China. Stanbic Bank Zambia, more than almost any other major financial institution on the continent, is working to position ...