Sign up for our free China-Africa Week in Review email newsletter

Follow CAP on Social Media

Listen to the CAP Podcast

QZ Africa Editor Yinka Adegoke on the Current State of China-Africa Relations

There've been major developments over the past week in the African debt crisis. It appears that Angola and China reached a consensus on how to restructure the estimated $20 billion of loans that Luanda owes Beijing. This deal then paved ...

Letter to the Editor: Defending the Interests of Africa’s Private Creditors

Hi Mr. Olander, I work as a sovereign credit analyst at a private buy-side financial firm - I research the Sub-Saharan (and Middle East/North Africa) regions, and as such your content enriches my understanding of the countries in which we invest. ...

China Faces a Critical Test in Kenya

Kenya's difficulties in servicing its debts for the newly-built, Chinese-financed Standard Gauge Railway (SGR) is nearing a breaking point. Even before the COVID-19 outbreak, the railway failed to meet passenger and cargo volume targets and now the economic downturn brought on by the ...

Letter to the Editor: Contrasting Japanese vs. Chinese Investment in Africa

Dear Eric, As the Representative in Africa for JETRO (Japan External Trade Organization), I would like to comment regarding your column on September 24th, "What It Takes To Compete Against the Chinese in Africa," where you mentioned that ...

Analysis from Cobus van Staden

COVID-19’s Unanticipated Outcomes

The recent announcement that Zambia will default on several of its Eurobond notes, and the indication from ratings agencies that several other African countries are in similar danger are just the latest indicators of how the economic crisis kicked off by the pandemic is impacting African economies. 

But the genesis of the crisis doesn’t lie in COVID-19 – it’s much older. It lies in the ongoing problems of development itself. ...

In the Aftermath of Zambia’s Default, Fitch Warns Four Other African Countries Could Soon Follow

One of the world's major credit ratings agencies, Fitch Ratings, issued an ominous warning that last week's downgrade of Zambia's will likely not be the last in Sub-Saharan Africa. In an article published on its website yesterday, the agency highlighted Angola, the Republic of ...

Sudan Under Pressure From Both China and the U.S.

The Sudanese government is being pulled in opposite directions by the United States and China over potentially volatile political issues related to Israel and Xinjiang. In its efforts to move more North African and Arab countries to recognize Israel, the United ...

Congolese Forward Cédric Bakambu Becomes Beijing Guoan’s All-Time Scoring Leader

After he scored his 50th goal on Monday, Congolese forward Cédric Bakambu became the all-time scoring leader for Beijing Guoan in the Chinese Super League. The Chinese embassy in Kinshasa noted the achievement on Twitter.

G7 Finance Ministers Openly Frustrated With China on Debt Relief

Debt relief for developing countries is emerging as the latest front in China's rapidly escalating confrontation with the U.S, European countries, and Japan. Finance ministers from many of those countries, representing the Group of 7 (G7), met on Friday to discuss debt relief initiatives for ...

Here’s What the G20 Says DSSI Has Accomplished So Far

When the G20 says it has provided $14 billion of "estimated total immediate liquidity provided by official bilateral creditors in 2020 alone," consider that amount is spread across all regions around the world. It falls far short of calls by Ethiopian Prime Minister Abiy ...

First, Zambia Defaulted on Part of Its Debt, Then Came the Credit Downgrade, Now the Question is What Will China Do?

Zambia's financial situation is rapidly deteriorating following last week's announcement by the government that it would default on $3 billion of Eurobond debt. Soon after, the credit ratings agency Fitch downgraded Zambia's foreign-currency bonds, immediately increasing the cost of borrowing for Lusaka. ...

Is Default the Next Step for Kenya’s Embattled Standard Gauge Railway?

The Chinese-financed and built Standard Gauge Railway is losing money at an unsustainable rate of $9.2 million per month prompting renewed calls in parliament for the State House to renegotiate the $3.2 billion of loans used to construct the Nairobi to Mombasa ...

New U.S. Proposal to Limit Student Visas All But Hands the Educational Diplomacy Advantage in Africa to China

The United States government is proposing to severely restrict access to student visas from a majority of African countries in an effort to crack down on visa overstays.  The new proposal by the Department of Homeland Security (DHS) calls for any ...

Reporter’s Notebook: China’s Controversial Distant Fishing Fleet

The presence of China's distant fishing fleet in African waters is increasingly becoming a contentious domestic political issues in a number of countries, particularly in West Africa. At a campaign rally in September, Ghanaian vice presidential candidate

China Sends a Heavy Hitter To Be Its New Ambassador To South Africa

China's ambassador-designate to South Africa, Chen Xiaodong, arrived at O.R. Tambo International Airport in Johannesburg yesterday to start his tour as Beijing's sixth envoy to Pretoria. Chen's appointment to the post reaffirms Beijing's view that South Africa remains its most important ...
Page 1 of 13812138