Tag: Ports
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Neither a Pandemic nor Economic Crisis Appears to be Slowing China’s Infrastructure Building Spree in Africa
Regular readers will have noticed the almost daily announcements of Chinese infrastructure projects across Africa. While quantifying all these new contracts is a challenge, it does appear that China's state-run construction companies' African operations have been quite resilient during the COVID-19 outbreak and the subsequent economic crisis. ...
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 ...
Did Tanzania’s President Really Cancel the Bagamoyo Port Deal with China? Probably Not.
There's widespread speculation circulating that Tanzanian President John Magufuli canceled the controversial $10 billion Bagamoyo port deal with China Merchants Holding International (CMHI). The story surfaced last week after the little-known website "Nairobi Mini Bloggers" website published a post ...
With an Eye on China, South Africa Keeps Ports and Fishing Industry Open During Lockdown
While most South Africans are required to stay indoors during the ongoing 21-day lockdown to combat the COVID-19 outbreak, fishermen and dock-workers are still on the job. Both the seafood industry and the country's ports were deemed vital to the national economy and permitted to ...
China's Special Economic Zones in Africa: Lots of Hype, Little Hope
A decade ago China announced it would develop a series of Special Economic Zones (SEZs) in Africa to boost trade and industrialization. Given the phenomenal success of China's SEZs that helped to spark the PRC's three-decades of history-making economic growth, not ...