Tag: Infrastructure
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Nigerians’ (Misplaced) Anxiety About Chinese Debt
For years, Nigerian politicians and media reports have issued breathless warnings about the dangers of becoming too indebted to China, fearing the dreaded "debt trap" and the risk of surrendering the country's strategic assets. While ...
What a Railway in Kenya Reveals About How China Builds Things in Africa
The Kenyan government's controversial decision to end certain subsidies and raise taxes sparked days of violent protests in Nairobi. While the move sparked a massive backlash, President William Ruto nonetheless clearly felt he had no other choice if he wanted to ...
If You Lead a Developing Country and Want to Borrow Money From China, Then Listen to This Podcast
The days of China easily handing out billions of dollars to build infrastructure in developing countries around the world are now over. The Chinese can't afford it anymore and many of the borrowing countries just don't have the capacity to take ...
China’s Ambassador to Angola Promises President Continued Support for Infrastructure Development
Angolan President João Lourenço met with China's ambassador to Luanda, Gao Tong, on Monday for an update on the progress of several high-profile infrastructure projects that China is developing. Gao reassured the president that the new Luanda international airport, the Caculo-Cabaça hydroelectric facility, and ...
Bright Simons on Africa in the Era of Great Power Competition
Many African countries are confronting unprecedented challenges from a convergence of forces far beyond their control. Africans are suffering disproportionately from the effects of climate change, global economic disruption and are being pushed to the middle of yet another Great Power ...
EACOP: Court to Determine Fate of Oil Pipeline Project by Chinese, Other Shareholders
Just days after Lloyd’s Cincinnati confirmed that it will not insure the controversial East Africa Crude Oil Pipeline (EACOP), the project faces another hurdle at the East African Court of Justice (EACJ). The EACJ is expected to rule in the case ...
Africa’s Role in China’s Evolving Geopolitical Priorities
It's been a momentous past two weeks for Chinese foreign policy with major a breakthrough in the Sri Lanka debt impasse and the landmark announcement that Beijing helped to broker the restoration of ties between Iran and Saudi Arabia. Meantime, China ...
What the New Port of Lekki in Nigeria Tells Us About the Future of Chinese Infrastructure Finance in Africa
China is no longer in the game of providing African countries with enormous loans to finance large-scale infrastructure projects. In fact, BRI financing last year for projects in Africa plunged more than 50% to just $7.5 billion.
A New Era of U.S. and Chinese Engagement in Africa is Now Underway
This was a big week for both the U.S. and China in Africa as both major powers' new, more robust engagement strategies were on full display. For the U.S., two cabinet secretaries toured the region this week, while Chinese officials in ...
China’s Overseas Development Finance Totaled $10.5 Billion in 2020-21, Lowest in Recent Years
By Rebecca Ray After providing a staggering amount of finance for overseas development projects in the wake of the global financial crisis, Chinese overseas development finance has been on a general downward trend for several years. New data shows the pandemic ...
The 2022 Africa-China Year in Review With Gyude Moore
Chinese trade with Africa is widely expected to break yet another record in 2022, while Chinese lending to countries across the continent fell again. Meantime, African leaders this year also forcefully pushed back against both the U.S. and China to avoid ...
The China-Pakistan Economic Corridor 2.0 — A New Risk Management Strategy
By Saniya Kulkarni With all eyes on Beijing’s response to the ongoing protests in China, it appears Pakistani Prime Minister Shehbaz Sharif is making headway in mitigating growing unrest in the southwestern province of Balochistan. The resource-rich region is home to ...