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18 Days and Counting Until Zambia’s D-Day (aka Debt Day)

In less than three weeks, a group of Zambian bondholders, mostly in New York and London, will reconvene to vote on whether or not to approve Lusaka's request for a six-month repayment holiday on about $3 billion of Eurobond notes that are coming due. ...

Zambia Stands to Benefit From Rising Copper Prices Due to Heightened Chinese Demand

While Zambia tries to figure out how if/how it plans to restructure its $12 billion debt portfolio, government coffers stand to benefit from resurgent copper prices, a major source of export earnings. The price of copper recently ...

Analyst: Zambia Owes More Than Double the $12 Billion to China and Other External Creditors

Zambia owes $27 billion to external creditors rather than the $12 billion figure that is widely circulated in the media, according to Brad Setser's reading of World Bank data on external debt. Setser, a senior fellow at the Council on Foreign Relations in New York, explained in ...

Chinese Envoy Pushes Back Against U.S. Criticism of Chinese Lending Practices in Africa

China's ambassador to South Africa, Chen Xiaodong, took a swipe at U.S. National Security Advisor Robert O'Brien's recent accusations that Chinese loans to African governments are predatory. Even though the event where O'Brien made the comments took place ...

Analysis from Cobus van Staden

Reading the Smoke

As things slowly settle down in South Africa after the last ruinous week, the debates about who’s really to blame are catching fire. It’s now being called an insurrection attempt, and President Ramaphosa has referred to those responsible for fueling the protests as ‘enemies of democracy.’ One of the problems underlying the current crisis is that he’s both right and wrong. South Africa is indeed, as Ramaphosa called it, a ‘hard-fought-for democracy.’ ...

China Singles Out the U.S. in Call to Remove Sanctions on Zimbabwe

Chinese Foreign Ministry Spokesman Zhao Lijian called out the United States for its role in maintaining international sanctions on Zimbabwe, especially during the pandemic. "The few countries and organizations, such as the United States, should lift illegal sanctions on Zimbabwe as soon as possible," 

Conservation Group Reports “Appalling” Human Rights Violations Aboard Chinese-Owned Fishing Trawlers in Ghana

The London-based conservation group Environmental Justice Foundation (EJF) published a damning report on Monday that details "appalling" human rights violations aboard Chinese-owned fishing trawlers that operate in Ghanaian waters. The report details extensive exploitation of local crew members by Chinese managers ...

One of the World’s Foremost Scholars on Race and Racism in Afro-Chinese Relations Uses YouTube to Deliver an Innovative Lecture to His Students

Lingnan University (Hong Kong) Assistant Professor Roberto Castillo is widely regarded to be among the world's foremost scholars on Africa-China race relations. With his students all stuck at home due to the COVID-19 outbreak, Professor Castillo decided to try something different than the usual Zoom ...

How COVID-19 is Impacting the Africa-Asia Wildlife Trade

Amid the shutdowns in both Asia and Africa due to the COVID-19 outbreak there've been serious disruptions to the illegal wildlife trade between the two continents. But even though it's been harder to get African wildlife products to markets in China, ...