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One of Nigeria’s Elder Statesmen Reflects on Ties With China
Aminu Wali, 79, is long retired from a distinguished diplomatic career as Nigeria's envoy to China, the United Nations and a stint as the country's foreign minister. In a wide-ranging interview with the Premium Times newspaper, Wali reflected on the current state of ties with China and ...
Ethiopia’s Ambassador to the U.S. Renews Urgent Plea for African Debt Relief
Ethiopia's envoy to the United States, Fitsum Arega, used the occasion of the United Nations 75th anniversary to renew a plea for urgent African debt relief that was first issued by Prime Minister Abiy Ahmed on March 24th.
Uganda’s National Debt Surged 21% to Offset the Downturn Brought on by COVID-19
The Ugandan government has significantly increased its borrowing in a bid to help mitigate the financial impact of the ongoing economic crisis brought on by the COVID-19 pandemic. The Central Bank on Tuesday said that in the period from June 2019 to June 2020, borrowing increase by ...
Episode #500! Reflections on Ten Years of Covering China-Africa Relations
On this special 500th episode of the China in Africa Podcast, Eric & Cobus join Kaiser Kuo and Jeremy Goldkorn on the popular Sinica podcast to reflect on the past ten years of China-Africa relations. ...
Nigeria’s President Buhari Responds to Debt Critics: “We Just Have to Take Loans to do Rail, Roads and Power”
President Muhammadu Buhari finally weighed on the debate currently raging in Nigeria over the government's decision to borrow billions of dollars, including from China, to build badly-needed infrastructure. “We have so many challenges with infrastructure. We just have to take loans ...
Debt Trap? Nah, We’re Too Disorganized For Anything Like That Says China’s Chargé d’Affaires in Nigeria
China's Chargé d'Affaires in the embassy in Nigeria, Zhao Yong, provided an uncharacteristically frank rebuttal last week to the persistent accusations that Beijing is engaged in predatory lending in Nigeria and Africa writ large. In typical fashion, Zhao blamed the U.S. ...
ICYMI: 7 Myths Debunked About Chinese Engagement in Africa’s Hydroelectric Market
For some additional context about Chinese energy engagement in Africa, particularly in the hydroelectric sector where the role of various Chinese stakeholders is often overstated and exaggerated, it's worthwhile to refer back to a paper written in 2017 by China-Africa Research Initiative Director Deborah Brautigam and Ohio State ...
Why African Countries in Debt to China Should Pay Close Attention to What’s Happening in Laos
A Chinese state-owned company will take control of the power grid in Laos, one of Asia's poorest countries, in a deal to stave off default of its multi-billion-dollar debts to China. The two sides reached an agreement last week for Electricite du ...
Is Debt-for-Equity Chinese for “Debt Trap?”
Tucked away in a remote corner of Southeast Asia, an important experiment is now underway that could have profound implications for how China manages its vast loan portfolio in Africa and in other developing regions. Last week, Laos's state-owned electric power ...
There’s a Complex Mix of Historical Anxiety Wrapped Into Nigerians’ Concerns Over Chinese Loans
To get a sense of just how widespread the concern is in Nigeria over Chinese loans, head over to the Twitter page of popular comedian and actor Bright Okpocha, aka Basketmouth, where since last Thursday he's pinned a semi-serious ...
The Nigerian Government’s Seemingly Endless Effort to Correct Misinformation About the Country’s Debt
Nigeria's Debt Management Office, once again, issued a breakdown of the country's debt to external creditors in a bid to push back against the widely-held, yet misinformed perception that the country is in debt beyond its capacity -- mostly to China. ...
Opposition Leaders in Nigeria’s House of Representatives Concerned about Pause in Investigation Into Chinese Loans
PDP opposition legislators from the House of Representatives took to the media on Monday to voice their concerns that a three-week postponement will jeopardize the investigation into Chinese loans. The House of Representatives last week suspended all investigations, public hearings, and ...