Tag: Infrastructure
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All Things Considered, 2020 Wasn’t a Terrible Year For China-Africa Trade
China's Ministry of Commerce (MOFCOM) released some updated figures last week on trade with Africa that tell a much more positive story than many would have assumed, given the sizable economic disruptions brought on by the COVID-19 outbreak. Total two-way trade ...
As Angola Gets Debt Relief From Its Creditors, Kenya Hopes For the Same From China
Yesterday marked the first major development we've seen on the debt story in Africa in quite some time. The fact that Angola was the beneficiary was significant, given its outsized position in China's loan portfolio on the continent. Angola alone makes ...
China’s Risky “Build It and They Will Come” Development Strategy
There's widespread speculation that Chinese financial support for its hugely ambitious Belt and Road Initiative may be waning due to the current economic crisis and the desire among senior Chinese policymakers to focus more attention on the domestic front. ...
China Steadily Lessens Dependence on U.S. Market With More Exports Going to Asia; Africa, LatAm Far Behind
Chinese Foreign Minister kicked off a four-nation tour of Southeast Asia in Myanmar on Monday where he met with newly re-elected President Win Myint (photo) and Aung Sang Suu Kyi, the de facto head of the government and leader of the ruling National League for Democracy party. ...
Editorial: Nairobi Expressway Toll Deal With Chinese Contractor Risks Creating Another “White Elephant”
The Business Daily Editorial Board warned the government that the proposed toll road pricing scheme for the new 27km Nairobi Expressway jeopardizes the financial stability of the project and risks creating another "white elephant" like the embattled Standard Gauge Railway. The ...
While Wang Yi is in Town, Nigeria FM Also Meets With Huawei Delegation
Nigerian Foreign Minister Geoffrey Onyeama met with a visiting delegation from the local office of the Chinese telecom equipment giant Huawei on Monday, the same day that he also welcomed visiting Chinese Foreign Minister Wang Yi to Abuja.
China Outlines Three Priorities For Its Ties With Africa in 2021
The Chinese government is laying out the key themes that will be discussed at the upcoming Forum on China-Africa Cooperation leaders' summit that is scheduled to be held sometime this year in Dakar, Senegal. In an interview with Xinhua ahead of ...
Ghana’s Thinking Small (And That’s a Good Thing)
The Bui Power Authority (BPA) in Ghana recently launched a new solar farm that's connected to a Chinese-built hydroelectric dam. The idea here is that when water levels run low and power generation dips, the solar farm kicks in to make up the difference. ...
Nigerians Share First Impressions of The New Chinese-Built Lagos to Ibadan Railway
Passengers have had a week to try out Nigeria's brand new Chinese-built standard gauge railway that links Lagos to Ibadan. The new service is operating on a limited schedule with just two trains a day but that'll expand to 16 daily departures shortly once construction of the ...
Chinese Private Sector Engagement in Africa is Going to be Much More Important in 2021 And Beyond
Over the past several weeks, Chinese officials have convened a series of high profile forums with key African stakeholders in what appears to be an effort to lay the groundwork for next year's triennial Forum on China Africa Cooperation Summit (FOCAC) that is scheduled to take place ...
Africa’s Newest Chinese-Financed and Constructed Railway Begins Operating in Nigeria
The newest Chinese-built railway in Africa is now officially in service following a Tweet on Monday from the office of Nigerian President Muhammadu Buhari that launched the new Lagos to Ibadan line. The $1.59 billion standard gauge railway was
With Chinese Loans Coming Due, Ethio-Djibouti Railway Suffers Heavy Losses Due to Theft, Vandalism
The Chinese-financed and constructed Ethiopia-Djibouti standard gauge railway is bleeding money due to rampant theft and vandalism, according to a report in the Addis Standard newspaper. The situation is now so bad, say company officials, that the trains have been forced to reduce their speed ...