Tag: trade
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Kenya’s Dependence on China Brings Good News and Bad News for the Economy
The Kenyan government released a pair of statistics yesterday that highlights the country's close interdependence with China and, for better and for worse, how that impacts the economy. China Simultaneously Helps and Hurts the Kenyan Economy
The Near Collapse of China Trade Pushes Kenyan Small Businesses to Look Elsewhere For New Suppliers
Kenya's small-to-medium-sized enterprises are calling on the Chinese embassy in Nairobi for assistance to help resume cargo flights between the two countries in order to revitalize the supply chains on which they depend. Merchants complain that the current one flight a ...
Why We Should All Just Take a Breath and Ignore the Hype Surrounding the Proposed China-Iran Deal
News that China and Iran were in late-stage talks to finalize a 25-year, $400 billion deal generated an alarming response in the U.S. and Europe, prompting widespread concern that a new, enhanced partnership between these two countries would mark a dramatic challenge to United States hegemony and ...
15-Years Ago Three African Countries Were Among China’s Top Oil Suppliers, Today Only One’s Left
Amid the ongoing discussions surrounding African debt restructuring and the proposed multibillion-dollar China-Iran comprehensive partnership agreement, China's oil procurement is a through-line that binds some of these disparate issues together. After all, Angola accounts for approximately a third of ...
Morocco, Tunisia Vie to Become the “New China in Africa”
For years, European companies, like others, have been steadily moving their production from China to lower-cost, less complicated manufacturing hubs in Southeast Asia and other parts of the world. The massive disruption to global supply chains brought about due to the COVID-19 outbreak has only accelerated that ...
African Development Bank President: “It’s Not Fair”:
People like World Bank President David Malpass and AfDB head Dr. Akinwumi Adesina are surprisingly upbeat about the prospect of finding a solution to Africa's worsening debt crisis. Maybe they have to because it's their job, but the reality is that their ...
Many of Washington’s Top Africa Experts Participate in All-Day Hearing on the State of U.S.-China-Africa Relations
Nine of the top Africa experts in Washington testified in an all-day hearing on Friday organized by the congressionally-mandated U.S.-China Economic and Security Review Commission (USCC). The hearing, entitled "China’s Strategic Aims in Africa," coincided with this ...
African Calls to Onshore Manufacturing From China Grow Louder but Investors Urge Caution
During a recent speech where he unveiled an R800 billion rescue package to combat the effects of the COVID-19 crisis, South African Finance Minister Tito Mboweni also laid out an ambitious vision for what he would like to see once the current crisis ...
Eager to Resume Trade With China, Kenya Announces New Plan to Disinfect Imports
The Kenyan government announced new measures to ensure that imports from China and other countries will be disinfected to avoid infection from the COVID-19. Although scientists do not believe the virus can survive the duration and temperatures related to container shipping, the government's new strategy appears designed ...
Africans May Dislike Their Dependence on Imported Chinese Goods, But There Isn’t Much They Can Do About It
With a majority of China's ports and factories still offline due to the ongoing COVID-19 outbreak, African businesses are starting to run very low on supplies of products sourced in China, prompting discussions about where they will be able to find new, reliable yet equally affordable suppliers. ...
With Inventories of Chinese-made Products Running Low Across Africa, Shop Owners Wonder What’s Next
China-Africa trade has essentially come to a halt due to the worsening COVID-19 outbreak around the world, adding new pressure on small business owners across Africa who make a living selling imported Chinese goods. Now with inventories running low, shopowners are wondering how they're going to replenish ...
With No End in Sight, Livelihoods in Kenya Now at Risk Due to COVID-19 Trade Crisis
With China's factories and ports still struggling to get back up to speed, the massive disruptions to the global supply chain are being felt disproportionately among small-to-medium-sized enterprises in countries like Kenya. Inventories are running so low now in a rapidly ...