Tag: Ports
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Rubio Says Panama Addressing U.S. Concerns on Canal After Trump Threats
By Shaun Tandon U.S. Secretary of State Marco Rubio on Monday voiced optimism that Panama would address concerns over Chinese influence in the Panama Canal, bringing down the tone after President Donald Trump's threats to seize the vital waterway.
CK Hutchison: The Hong Kong Firm Behind Panama Port Operators
By Holmes Chan A sprawling business empire built by Hong Kong billionaire Li Ka-shing is caught in the crossfire as the extent of Chinese influence over the Panama Canal is debated. U.S. Secretary of State ...
Xi Inaugurates South America’s First Chinese-Funded Port in Peru
Chinese President Xi Jinping on Thursday inaugurated Latin America's first Beijing-funded port in Chancay, Peru -- a symbol of the Asian superpower's growing influence on the continent as it prepares to face off with a new Donald Trump administration. The $3.5-billion ...
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 ...
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 ...
China’s Economic Slowdown Felt All the Way at the Port of Mombasa While Namibia’s Port Expands to Grab More DRC Cargo
🇰🇪 Kenyan shipping officials say the lockdowns in China and the long delays for vessels to dock in Chinese ports are having a major impact on the volumes of cargo processed at the Ports of Mombasa and Dar es Salaam. (THE EAST AFRICAN)
Detection of Omicron in Chinese Port Cities Sparks Fears of Supply Chain Disruptions in Africa
The recent detections of the highly contagious Omicron variant in several of China's largest port cities is prompting renewed concerns among African traders of potentially painful supply chain disruptions. Although only a few people have been ...
With China on the Sidelines, What’s Next for African Infrastructure Financing?
For much of the past two decades, China was among the largest sources of African infrastructure financing. But that is no longer the case. In his recent keynote address at the Forum on China-Africa Cooperation conference in Senegal, Chinese President Xi ...
In State of the Nation Address, Kenyatta Called For Kenya to Become the World’s Next “Asian Miracle”
Kenyan President Uhuru Kenyatta delivered his eighth and final State of the Nation address on Tuesday and used the occasion to justify the massive expansion of the country's debt as part of his plan to accelerate economic growth, much the same way a small group of Asian ...
WEEK IN REVIEW: China Announces Strong African Trade, FDI Data in the Run Up to FOCAC
Two-way China-Africa trade reached $185.2 billion in the first nine months of the year, according to new data provided by Chinese Vice Commerce Minister Qian Keming. At this pace, the two regions will easily surpass last year's total of $187 billion. Chinese investment in Africa during the same period increased ...
China Merchants Group Exporting Its Shekou Model of Port-industrial Development to Africa
As the final frontier for trade growth, Africa is the only region where exponential economic and cargo growth is still possible. The continent is home to some of the world’s fastest-growing economies. However, many existing African ports do not have the capacity to accommodate a growing demand ...