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Who China Lends Money to in Africa and How Much They Provide Has Changed a Lot
One of the key findings in CARI's newest report on Chinese lending patterns in Africa revealed a major shift in who Chinese creditors are lending money to and for how much. The once enormous resource for infrastructure loans extended to countries ...
Update on the Current State of China-Zambia Relations
The recent visit to Zambia by China's top foreign policy official Yang Jiechi highlights the outsized importance Lusaka plays in Beijing's broader Africa strategy. Relations between the countries are among China's oldest on the continent, dating back to the anti-colonial struggles ...
The Star Editorial Board: SGR Needs to Go Regional to Repay Its Chinese Creditors
Kenya needs to invest even more money into the embattled SGR if the railway has any chance of becoming financially self-sufficient to the point where it can repay its Chinese creditors, according to an editorial in today's The Star newspaper. For ...
MP: Rampant Corruption, Poor Planning and “Pooh Pooh” Leadership to Blame for SGR’s Woes (Not China)
Kenyan Member of Parliament for Kitutu Chache, Richard Onyonka, gave a very entertaining assessment of why the Standard Gauge Railway is facing so many difficulties which all, more or else in his view, relate to poor leadership and governance.
Why the Debt Trap Narrative Won’t Die Soon (or Ever)
Recent reports of the debt trap’s death might have been exaggerated. Like a vampire that just won’t die, we keep burying it, but it keeps rising from the coffin. This week we saw reports that Kenyan politicians had to clarify again that the Mombasa port itself ...
How Much Does Kenya Owe China to Build and Operate the Various SGR Lines?
It's not clear at this time if the decision to expedite the handover of some SGR responsibilities from Afristar to Kenya Railways is part of the ongoing debt restructuring talks that are purportedly underway between China and Kenya. Until now, there's ...
CARI: Chinese Lenders Have Provided $7.6 Billion in Debt Relief Since Last Year, Mostly to Africa
Angola is the primary beneficiary of Chinese debt restructuring activities over the past year, accounting for $6.2 billion out of $7.6 billion of total relief provided by Beijing to developing countries in 2020-2021, according to official data compiled by the China-Africa Research Initiative at ...
China Takes a Lot More Risks in Loans to African Countries Than Other International Creditors
New research finds that China has a much higher risk tolerance in its overseas lending practices, particularly to African countries, compared to other major creditors from the U.S., Europe, and Japan. "There is a negative relationship between credit risk and Chinese development finance—a disproportionate share of Chinese ...
Kenya’s Delicate Balancing Act Between the U.S. and China
Kenya has done far better than many countries in fostering robust ties with both the United States and China, particularly in economic relations. Just last week, President Uhuru Kenyatta spoke by phone with his American counterpart Joe Biden and ...
From Ideology to Economics: The Evolution of China-Zambia Ties
China's relations with Zambia date back to the Mao era in the 1960s and in many ways serve as the foundation of Beijing's broader engagement on the continent today. Dr. Emmanuel Matambo of the Africa-China Studies Centre at the University of ...
Researchers Want Official Washington to Know That China’s Actually Doing Quite a Bit to Relieve the Debt Problem in Africa
While U.S. policymakers are trying to come up with a new, more effective approach to challenge China's engagement in Africa, a trio of scholars at the Washington, D.C.-based China-Africa Research Initiative at Johns Hopkins University want to make it clear that Beijing is actually doing far more ...
Brautigam: Influence and Investment, Not Asset Seizures Are the Primary Drivers of Chinese Lending in Africa
China-Africa Research Initiative Director Professor Deborah Brautigam spoke recently with acclaimed Harvard researcher William Overholt in what was a fascinating discussion about the complexities surrounding the Chinese debt issue in Africa. Professor Brautigam laid out some of the findings ...