Sign up for our free China-Africa Week in Review email newsletter
  • This field is for validation purposes and should be left unchanged.

Follow CAP on Social Media

Listen to the CAP Podcast

China Provides Modest Debt Relief and New Grant to Rwanda

Rwanda's Finance Minister Uzziel Ndagijimana and Chinese ambassador Rao Hongwei announced on Friday that Beijing would forgive $6 million of debt and provide a new $60 million grant to the government in Kigali as part of COVID-19 relief efforts. If the debt forgiveness ...

NGO: The UK, Not China is the Biggest Obstacle To Zambian Debt Relief

The next stage of the Zambian debt default crisis may play out in a London court. NGOs like Oxfam and the Jubilee Debt Campaign contend that because the vast majority of Eurobonds are covered by English law, ...

In a Mostly Symbolic Move, China Relieves Botswana of Its Interest-Free Debt

Chinese ambassador to Botswana, Zhao Yanbo, announced yesterday on Twitter that he had signed an agreement with Botswana's finance minister, Thapelo Matsheka, to exempt a portion of the southern African country's debts so it could allocate more resources to mitigate the spread of COVID-19. ...

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 ...

Nigeria’s House Speaker Rallies Other Legislative Leaders Across Africa in New Appeal for Debt Relief

Nigeria's outspoken Speaker of the House of Representatives, Femi Gbajabiamila, is mobilizing his legislative counterparts in half a dozen other African countries, including Kenya, South Africa, and Ethiopia, to speak out on the need for immediate debt relief and even outright debt cancellation.

Analysis from Cobus van Staden

Commodity Supercycle Blues

The editorial board of Financial Times published an op-ed yesterday announcing a new commodities supercycle. They argued that the global pivot towards climate-friendlier technologies like electric vehicles is pushing demand for metals like cobalt, lithium and palladium (used in catalytic converters.) In addition, the Biden administration’s new commitments to building infrastructure at home (and possibly abroad) will further boost demand for steel, with iron ore futures hitting record prices in Singapore this week.Where FT ...

FT Article Sparks a Lot of Excitement About Chinese Debt Restructuring Deals But Details Still Remain Sparse

An FT story published over the weekend injected a burst of rare optimism into the African debt relief discussion. The article by U.S.-based Markets Correspondent Camilla Hodgson reported on last Tuesday's remarks by Chinese foreign ministry spokesman Zhao Lijian that Beijing had reached debt relief ...

President Edgar Lungu Just Straight Up Asked Xi Jinping for Zambia’s Debts to be Cancelled

African appeals for Chinese debt relief have until recently been somewhat vague and indirect, at least publicly. Well, that changed when the spokesman for Edgar Lungu released details of Zambian president's call on Monday with his Chinese counterpart Xi Jinping.  “President ...

World Bank President Says He’s Confident China, Private Creditors Will Deliver Debt Relief

World Bank President David Malpass (photo) told Bloomberg that he's confident private creditors will somehow come up with a way to restructure the $140+ billion of bond debt that poor countries owe investors. “The view of the international community was very ...

“Nothing New Here” Concludes Leading China Scholar About Xi Jinping’s African Debt Cancellation Offer

Mariana Rudyak, a prominent China scholar at the University of Heidelberg in Germany who specializes in Chinese foreign aid, provided a short assessment of President Xi Jinping's announcement that Beijing would cancel interest-free loans due before the end of the year.

Xi Jinping Bolsters China’s COVID-19 Diplomacy in Africa With Virtual Leaders Summit

Xi Jinping delivered the keynote address at a hastily arranged virtual African leaders summit on Wednesday where the Chinese president reaffirmed Beijing's commitment to provide financial and material support to combat the pandemic. There was very little new information contained in ...
Page 1 of 3123