Tag: Infrastructure
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Fueled by Chinese Loans, Kenya’s National Debt Tops $57 Billion
Kenya's Treasury released new information about the country's rising debt load, announcing that it's about to reach Sh6 trillion ($57 billion.) Last week, Parliament approved a new, higher debt ceiling of Sh9 trillion ($87 billion) in part to accommodate 44 new loan requests to ...
The Optics of Gratitude in Africa
This week we interviewed Miriam Driessen for an upcoming episode of the China in Africa Podcast about her fascinating new book Tales of Hope, Tastes of Bitterness: Chinese Road Builders in Ethiopia. Driessen is an anthropologist and spent years interviewing the Chinese workers employed on massive ...
Sinohydro Stops Work on Zambia Hydroelectric Dam
Citing "difficulties beyond its control" (translation: they haven't been paid), China’s state-owned Sinohydro has stopped work building the 750mw Kafue Gorge hydroelectric dam in Zambia, dealing a major blow for the country's drive for energy self-sufficiency and the livelihoods of thousands of workers on the project.
Insecurity and Bribe Demands Plague Chinese Businesses in Angola
Amid one of the most serious economic crises of its history, Angola’s government is looking at every major economy for investors. Being Angola’s major creditor for over a decade, China is, naturally, one of the main targets. But Chinese investment is being plagued locally, not only by ...
Chinese Contractor Adopts Manufactured Sand in Quest for Alternative to Natural Sand
The presence of Chinese construction companies in Kenya is evident from the big projects they are handling; from roads to office complexes to shopping malls. The current government’s flagship transport project, the Standard Gauge Railway, which replaces the century-old lunatic express from the coastal city of Mombasa ...
China-Africa 101: China’s Role in Africa’s Debt
One of the most talked-about issues in Africa-China relations today is debt. Africa is borrowing heavily from China and many observers worry that African governments do not have the capability to pay it back. The Belt and Road Initiative (BRI), China’s trillion-dollar effort to connect Asia, Europe, ...
Kenya’s Appetite for Chinese Loans May Finally be Starting to Wane
During a meeting last week with Yang Jiechi, Chinese president Xi Jinping's special envoy for Africa and one of Beijing's most senior foreign policy officials, Kenyan president Uhuru Kenyatta gave one of the first indications that the mounting pressure over his country's rising debt levels may ...
Zimbabwe Gets China, India Loans to Boost Power Generation
Zimbabwe has obtained three separate loans of just over US$108,3 million from the Export-Import Bank of China and Export-Import Bank of India to be used for power generation projects and broadband expansion. Government tied a loan agreement with the Export-Import ...
What Lessons Can Africa Draw From China in Urban Transportation?
Africa is urbanizing faster than any region in the world. Today, an estimated 472 million Africans live in cities and that number is expected to double over the next 25 years, according to research by the Center for Strategic and International Studies. That ...
Africa Caught in the Middle Amid U.S.-led Offensive Against Huawei
The United States has mounted a global campaign against the Chinese telecom giant Huawei, warning that the company's equipment could be used by the Chinese government to spy on other countries. The company any accusations that its equipment is susceptible to being compromised, ...
African Governments Need to Negotiate Better Deals With China. Here's How They Can Do It.
Africa's rising indebtedness to China is prompting concern across the continent that governments need to do a better job negotiating infrastructure financing deals. Too often, critics contend, the Chinese are simply out-maneuvering their African counterparts in the negotiating process.
Chinese Money for African Infrastructure Likely to Top FOCAC Agenda
There is a lot on the agenda for the upcoming 2018 Forum on China-Africa Cooperation (FOCAC) summit that will convene in Beijing on September 3. Leaders from 50 African states will be in town to discuss everything from enhanced Sino-African military ties, ...