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The G20 is Going to Try One More Time to Get Everyone Together to Come Up With a Debt Relief Plan for Poor Countries

Finance Ministers and central bankers from the Group of 20 will convene an extraordinary meeting on November 13th in a bid to come up with a more robust debt relief plan for the world's poorest countries. A couple of weeks ...

There’s Good News and Bad News About Kenya’s Ballooning National Debt

After Angola and Zambia, Kenya is high on the list of countries at risk of encountering severe debt distress due in part to extensive borrowing from China to fund major infrastructure projects like the Standard Gauge Railway and, more recently, its seemingly insatiable appetite for more debt.  ...

China Launched a Virtual Trade Show With East Africa This Week That It Says Will Get 10,000 Attendees

With physical trade fairs all shut down due to the COVID-19 pandemic, Chinese trade promotion authorities are experimenting with new virtual models. On Monday, a China-Africa virtual expo kicked off, reportedly with more than a thousand exhibitors from both regions and organizers say they're confident ...

U.S. Throws WTO Director-General Selection Process Into Chaos, Possibly With an Eye on China

The United States threw a wrench into the selection process for the World Trade Organization's next Director-General when it moved on Wednesday to block the appointment of Nigerian-American Ngozi Okonjo-Iweala to support its preferred candidate Yoo Myung-hee, South Korea's trade minister. Washington's stated ...

Algeria Opened the New Chinese-Built Mega Mosque

Algeria's new Grand Mosque, the largest mosque in Africa, hosted its first public prayers yesterday -- 18 months after the China State Construction Engineering Corporation completed construction. The new mosque, known locally as the Djamaa El-Djazair, occupies ...

Analysis from Cobus van Staden

FOCAC’s Powerful Optics Present a Challenge to China’s Rivals

FOCAC is for me what the Winter Olympics is for a curling fan – the one moment every few years when the world briefly shares one’s obsession. So it was interesting (and revealing) how relatively muted the coverage of the triennial meeting has been this time around.

In part, this is due to the fact that FOCAC 8 itself has been slightly smaller than usual. It was held at the ...

The China Development Bank’s Debt Deferral in Zambia is a Good Start, But It’s Not Enough

The China Development Bank's (CDB) announcement yesterday that it will allow Zambia to push back an interest payment that was due last Sunday to next April was an unexpected development. After all, we haven't seen China's powerful policy banks publicly demonstrate ...