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Zambia Hopes for Debt Deal by Q1 Next Year

The International Monetary Fund’s head of strategy, Ceyla Pazarbasioglu, will travel to Beijing next week for meetings with Chinese officials as part of a push for progress on Zambia’s debt restructuring.  This comes as Zambia's Finance Minister Situmbeko Musokotwane 

WEEK IN REVIEW: The G77 Bloc of Countries Together With China To Propose a New “Loss and Damage” Fund at the COP27 Summit

The G77 bloc of countries together with China is reportedly going to propose a new "loss and damage" fund at the COP27 summit to provide finance to poor countries impacted by climate disasters. The fund appears to be a repackaged version of the failed "climate adaptation fund" that wealthy ...

Debt in Africa: Everyone’s Watching What China Does in Zambia

The United Nations Development Program issued a new report this week that once again sounded the alarm on the urgent need for debt relief in the world's poorest countries. The UNDP said 54 countries are at risk, with African countries accounting ...

After Months of Delay, China Finally Begins Debt Restructuring Talks With Sri Lanka

Sri Lankan President Ranil Wickremesinghe informed the country's parliament late last week that China had finally agreed to begin long-desired debt restructuring talks. During a recent visit to Tokyo, President Wickremesinghe also called on Japan, Sri Lanka's other main creditor in addition to China and ...

WEEK IN REVIEW: Zambian Is Preparing for the First Round of Talks With Creditors on How to Restructure Its $14.87 Billion Debt

Zambian Finance Minister Situmbeko Musokotwane said his ministry is preparing for the first round of talks with creditors on how to restructure the country's $14.87 billion debt.  During a public meeting on Monday, Musokotwane refused to provide any details on when and where those negotiations would take place but added ...

Analysis from Cobus van Staden

Jiang Zemin Created the Africa-China Relationship As We Know It Today

Reflections on the legacy of Jiang Zemin, China’s president from 1993 to 2003, who passed away on Wednesday, emphasized how he presided over a decade of explosive economic growth. Fewer have pointed out that he was also a key architect of China’s current relationship with Africa. 
After the Mao era, emblematized by Chinese involvement in African anti-colonial struggles, the relationship went dormant as China focused on building economic ties ...

Two-Day China-Zambia Investment Forum Gets Underway in Lusaka

Zambian President Haikinde Hichilema, alongside Chinese ambassador Du Xiaohui opened a two-day investment forum on Wednesday in the capital Lusaka that aims to bring together businesses from both countries and generate more FDI. In all, 300 companies are participating in the ...

The Mystery of China’s Interest-Free Loan Cancelation: Connecting the Dots

Amid China's controversial role in debt crises from Sri Lanka to Zambia and beyond, the recent cancelation of 23 interest-free loans to 17 African countries caused a lot of misunderstanding, not least because the Chinese government has still not published official lists ...

Understanding the Significance of China’s Interest-Free Loans Cancelation

By Oyintarelado Moses and Jyhjong Hwang On August 19, 2022, China announced it would waive 23 interest-free loans (IFLs) with maturity by the end of 2021 for 17 unspecified African countries worth an unspecified total amount. This announcement comes as ...

How do Africans View Zambia’s Debt Restructuring Deal? Two Researchers Weigh In

This article features back-to-back responses by two African researchers on Zambia's debt restructuring deal. Response 1: By Amodani Gariba Zambia is not in the hot water alone. Several African countries are currently at risk of ...

Week in Review: Kenya Elections, Zambian Debt & Blinken’s Africa Tour

The Chinese government pushed back this week against the U.S. and its new foreign policy strategy for Africa. The Foreign Ministry dismissed Washington's emphasis on democracy as mere rhetoric, while the railways, roads, and other infrastructure that China's built speak for ...
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[NEW PODCAST] Why It's Not China's Fault That Its Trade With Africa is So Distorted

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