Tag: Zambia
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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 ...
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 of the countries and loans in question.
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 ...
At 29 years old I travelled to Africa, After a Year I Decided to Go Back Home
Chinese vloggers in Africa have a mixed track record. On the one hand, some vloggers contribute to dissolving Chinese misconceptions towards Africa/Africans by illuminating what daily life is like in many African countries. On the other hand, some other vloggers exploit Africans through misogynistic beauty contests and ...
Chinese Reactions to Zambia’s Debt Deal
Zambia’s debt restructuring, in which China played a key role, is raising concern among ordinary Chinese, judging by WeChat conversations. Recent grassroots discussions on WeChat communities of Chinese in Africa quoted unnamed sources worrying that the deal could “set a costly precedent elsewhere,” which ...
Reports: Man at the Center of the Racism for Sale Controversy Arrested in Zambia
According to Chinese news reports, the Chinese national at the center of a brewing controversy over the exploitation of young children in Malawi in the production of viral videos for the Chinese market has been arrested in Zambia. Lu Ke was ...
Zambia’s Debt Talks Set to Get Underway But Final Deal Not Expected This Month
After months of delays, all of Zambia's international creditors will finally convene on Thursday to work out the details of how to restructure the country's $17.3 billion of external debt. The inaugural meeting of the official Creditor's Committee, co-chaired by China and France, will ...
China’s Top Diplomat for Africa Vows to Crack Down on Offensive Videos After Meeting With Malawi FM
China's top diplomat for Sub-Saharan Africa, Wu Peng, arrived in Lilongwe on Tuesday and tried to quell surging anger in the country over revelations in a new BBC documentary that showed how Chinese nationals in Malawi exploited children to produce offensive videos. The ...