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Africa and the China-Less Recovery

African policymakers will soon look back at the past ten years - the pre-COVID-era - with rosy nostalgia. How wonderful it was to sit under the Chinese tree and watch the fruits of loans, trade, and investment all fall with abundance.  ...

Forget About Repayment Holidays, Kenya Wants Its Creditors (Ahem… China) To Cancel Some of Its Debts

The Kenyan Treasury is reportedly considering a new plan to approach its creditors to ask for outright cancellation of some of its debt, according to a report in Business Daily. Although a final decision has yet to be made, the Treasury is apparently considering ...

Kenya Treasury Secretary: “We Don’t Want to Give the Impression We Are Straining in Any Way”

The alarming headlines in today's Kenyan newspapers about the country's apparent inability to repay some of its debts contrasts sharply with the message conveyed by Cabinet Secretary for National Treasury Ukur Yatani in an interview with Bloomberg's Africa bureau chief David Malingha:

Allianz Research: Africa, Americas Had Better Brace for a “China-Less Recovery”

China is turning inwards and will slow its economic engagement in emerging markets in Africa and Latin America in the post-COVID-19-era, according to new analysis from the research arm of the German financial services giant Allianz. The report ...

Hundreds of Chinese Nationals Evacuated From Northern Ethiopia, Confirms Foreign Ministry Spokesman

600 Chinese nationals have reportedly been safely escorted out of the conflict zone in northern Ethiopia. "With the assistance of the Ethiopian side, the Chinese citizens there have basically been evacuated," confirmed Chinese Foreign Ministry spokesman Zhao Lijian at the regular ...

Analysis from Cobus van Staden

The Different Readings of FOCAC

One of the intriguing results of last week’s FOCAC meeting has been a narrative pushed by key English-language publications that it represents a reduction in Chinese engagement with the continent. Bloomberg set the tone in its initial report which counted the sums mentioned in President Xi Jinping’s speech and came to $40 billion. Comparing it to the $60 billion funding targets of 2015 and 2018, it concluded that the summit represented a pullback from ...

Chen Xiaodong Is as Much an Ambassador for the Chinese Communist Party as He Is for the Chinese Government

China's new ambassador to South Africa, Chen Xiaodong, led a webinar discussion this week that highlighted the dual role that Chinese envoys play abroad: to represent both the Chinese state and the ruling Chinese Communist Party (CCP). They're not the same thing.