Tag: trade
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African Countries At Risk From China’s Economic Deceleration
The South African rand has long served as a sort of early warning system for investors to gauge the impact of Chinese economic news. And yesterday, the alarms sounded as the value of the South African currency fell 1.1% in response to worse-than-expected third-quarter data ...
Biden Met With an African Leader Last Week, Didn’t Mention China by Name
U.S. President Joe Biden appears to be taking the advice of advisors and scholars, who've told him repeatedly over the past eight months to avoid talking about China when discussing Africa. During a brief visit to the White House by Kenyan ...
China Could Factor Into the U.S. Debate Over Duty-Free Trade with Ethiopia
A lively debate is underway in the United States now over whether Trade Representative Katherine Tai should remove Ethiopia's duty-free access to the U.S. market as part of the African Growth and Opportunity Act or AGOA. The White House is threatening ...
Lightning Round: Africa-France Summit, FOCAC & UK Port Deal
An often contentious leaderless summit took place last in Montepellier where African youth activists did not hold back in telling French President Emmanuel Macron what they thought needed to be done to improve ties between the two regions. Eric & Cobus ...
Chongqing: The Former Rustbelt City at the Heart of the World Economy
Chongqing is a massive industrial city in China's heartland that many outsiders are unfamiliar with despite its enormous size. The city alone has a GDP of $386 billion, larger than both South Africa ($310 billion) and Egypt ($363 billion).
Folashadé Soulé on the Key Priorities For West African Countries at This Year’s China-Africa Summit
For much of the past twenty years, since the first FOCAC summit in 2000, China's engagement strategy on the continent has focused predominantly on anglophone countries in southern and eastern Africa like Kenya, Zambia, and South Africa. Angola, of course, was an important exception. ...
ICBC Launches New China-Africa Currency Center in Hunan
The Industrial and Commercial Bank of China (ICBC) in Hunan province launched a new cross-border China-Africa currency center on Tuesday to facilitate transactions between Chinese yuan and six African currencies including the Kenyan shilling, Nigerian naira, Botswanan pula, Ghanaian sedi, and the Zambian kwacha.
Check Out What Exhibitors Are Selling at This Year’s China-Africa Trade Expo in Hunan
A big part of Chinese trade expos, like the one that's taking place this week in Hunan, is the opportunity to sell stuff... lots and lots of stuff. Thousands of local residents flood the exhibition floor at these fairs to taste ...
Grappling with African Success
This week saw the second China-Africa Economic and Trade Expo, held in Changsha, the capital of China’s Hunan province. As we’ve covered over the last few years, the city is rapidly emerging as a hub of Africa-China trade. It houses a new cocoa trading facility and is ...
China-Africa Trade Fair Gets Underway in the Central Chinese Province of Hunan
Rwandan President Paul Kagame (photo) was the keynote speaker on Sunday at the kick-off of the four-day China-Africa Economic and Trade Expo in the Hunan provincial capital of Changsha. The expo was also attended by China's most senior foreign policy official, Yang Jiechi, who ...
Hannah Ryder Explains Why the China-Africa Trade Expo is Important
The China-Africa trade expo that's now underway in the central Chinese province of Hunan provides a unique opportunity for African exporters of finished goods to meet directly with Chinese buyers, said Hannah Ryder, CEO of Development Reimagined, in an interview this weekend with Chinese ...
Tanzania To Open New Consulate in Guangzhou
Tanzania plans to expand its diplomatic presence in China with the opening of a new consulate in the southern city of Guangzhou. In his announcement on Friday, Ambassador Mbelwa Kairuki said the focus of the new mission will ...