Tag: Investment
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Letter to the Editor: Contrasting Japanese vs. Chinese Investment in Africa
Dear Eric, As the Representative in Africa for JETRO (Japan External Trade Organization), I would like to comment regarding your column on September 24th, "What It Takes To Compete Against the Chinese in Africa," where you mentioned that ...
Martyn Davies: “African Economies Have Pivoted Towards a China-Centric Asia”
Long-time China-Africa market analyst Martyn Davies, the managing director for emerging markets at Deloitte, explains why the once dominant "Chimerica" (China-America) is now giving way to a new era of "ChiAfrica" (China-Africa) trade. Watch the full ...
This is What Happens When an African Country Says It Can’t Repay Bondholders on Time
From the beginning of the COVID-19 economic crisis in Africa, African ministers have said repeatedly that they want to do everything possible to avoid a default on their commercial debt. Yesterday's announcement by the Zambian government that it will delay repayments ...
China’s Top Diplomat for Sub-Saharan Africa Details Four Priorities for Chinese Foreign Policy on the Continent
China's diplomatic lead for sub-Saharan Africa, Wu Peng, published a lengthy statement on Kenya's Capital FM radio website on Sunday, detailing Beijing's four main priorities for its foreign policy in Africa. Wu is the former ambassador to Kenya and now the ...
Chinese Energy Engagement in Africa
China plays an indispensable role in Africa's burgeoning energy market as a financier and contractor for much of the new electrical capacity across the continent. China's building large new coal plants in Zimbabwe, solar power facilities in Kenya and Zambia and ...
Africa’s Richest Man, Alika Dangote, Shares His Perspective on the Impact of China’s Presence in Africa
Chinese businesses are coming to Africa for "what they need" and are not challenging local enterprises in Nigeria and Africa more broadly, according to the founder and president of the Dangote Group, Alika Dangote, in an interview with the Nigerian business TV program "Moneyline ...
China’s Doing More But Spending Less in Africa
China is engaged in more Belt and Road-related projects in Africa but spending far less than it is in the Middle East and South Asia, according to new data from the Washington, D.C.-based consultancy RWR Advisory. In its latest IntelTrak report ...
There’s Growing Excitement That a New Ugandan-Chinese Smartphone Will Help to Stop the Spread of COVID-19
Bloomberg's Quick Take team showcased the new G507 smartphone made by the Chinese company SIMI and manufactured locally in Uganda. The phone comes equipped with a body temperature scanner that the company claims is similar to those temperature guns that have become a widespread tool to detect ...
Chinese Construction Companies Aren’t Making as Much Money in Africa as They Once Did
A new chart from China's National Bureau of Statistics indicates that Chinese construction companies are not earning as much from their African divisions as they did at the height of China-Africa economic engagement in 2015. Although the chart is ...
Professor: Who Needs “Debt Traps” When China Can Just Buy African Assets on the Cheap?
University of Notre Dame China scholar, Professor Joshua Eisenman, used this month's $221 million equity infusion by the state-owned China Harbour Engineering Company (CHEC) into the Lekki Deep Sea Port Project currently under construction at the Lagos Free Trade Zone as another point of evidence as to why ...
Tweet of the Day: It Shouldn’t Come as a Surprise if People Are Skeptical of the UK’s Newfound Interest in Africa
Charles Robertson is the Global Chief Economist at the investment banking firm Renaissance Capital. He is a regular commentator on emerging market issues to his 17,000+ followers on Twitter. You can ...
So the UK Now Wants to Compete With China in Africa. Here’s What They’ll Need to Do
15 African heads of state were in London yesterday for the inaugural UK-Africa Investment Summit that was hosted by Prime Minister Boris Johnson and Prince Harry. Like so many other "Africa Summits" in Russia, Japan, Turkey, and India among other places, China, although rarely mentioned, loomed large ...