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Week in Review: Minerals, Mayhem and Mediation

With most strategic mineral exports from the Democratic Republic of the Congo shipped to China through the port of Durban in South Africa, the recent closure of the N3 highway that connects the port to Johannesburg presents a potentially costly disruption to vital supply chains. Authorities were forced ...

G20 Reps Close Another Meeting Without Any Firm Commitments on Vaccines or Debt Relief For World’s Poorest Countries

In what's becoming a predictable routine, high-level representatives from the world's wealthiest countries get together, express anguish over the rapid spread of COVID-19 in developing countries, issue a call for more equitable distribution of vaccines and then restate longstanding positions that bilateral creditors (read China) and bondholders ...

China Pushes Back Against U.S. Criticism That It’s Not Doing Enough to Support the G20’s Debt Relief Initiative

The Chinese government is becoming increasingly impatient with the persistent U.S. criticism that it isn't doing enough to support the G20's Debt Service Suspension Initiative (DSSI). U.S. officials have steadily increased their critiques in July in the run-up to the G20 finance ministers meeting in Italy that ...

Xi Reportedly Agrees to Reschedule Republic of Congo’s Chinese Debts

Chinese President Xi Jinping has reportedly agreed in principle to reschedule the Republic of Congo's debts to Beijing in a move that will presumably pave the way for a half-a-billion dollar IMF rescue package to take effect. President Xi made the ...

So, What Exactly Did Emmanuel Macron Accomplish With His African Finance Summit? Nothing Substantive.

The day-long Summit on the Financing of African Economies wrapped up in Paris on Tuesday and left a lot of people scratching their heads wondering what exactly was the purpose of the gathering. Unlike Monday's event that focused on Sudanese debt ...

Analysis from Cobus van Staden

Chinese Companies’ “Eat Bitter” Management Style Just Doesn’t Work in Africa

Forget debt traps, Huawei ‘back-doors’ and vaccine diplomacy. They might be the disputes that define our current polarized moment. But I’m willing to bet they won’t have the staying power of the one – the original – dispute that has haunted Chinese engagement with Africa since the late 1990s: labor.

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Macron’s Africa Summit is a Good Start, But Nowhere Near Good Enough

One by one, French President Emmanuel Macron on Monday greeted a stream of Africa's most powerful leaders to the Elysée Palace in Paris with a mix of COVID-friendly fist bumps, elbow jabs, and awkward shoulder pats. The heads of state along with top officials from ...

Debt & Doses: Trinidad & Tobago Borrows Money From China to Pay For Chinese COVID-19 Vaccines

Colm Imbert (photo), finance minister of Trinidad & Tobago (TT), revealed this week that one of the terms in a new $204 million loan contract with China permitted the small Caribbean island state to purchase COVID-19 vaccines. The ...

The DRC Wants to Renegotiate Some of Its Chinese Contracts. Hopefully, for Their Sake, They Read the Fine Print.

DR Congo President Félix Tshisekedi apparently wants to renegotiate some of the contracts that his predecessor, Joseph Kabila, signed with the Chinese, according to a report by Africa Intelligence.  Argentina too, like the DRC, tried to ...

As Zambia’s Presidential Election Campaign Heats Up, China Isn’t an Issue…Yet

Zambia's presidential election campaign is now shifting into high gear following last weekend's nomination of President Edgar Lungu as the ruling Patriotic Front's candidate. Meantime, the country's main opposition leader, the United Party for National Development's Hakainde Hichilema (photo), indicated that he's ...

As Nigeria’s Debt Steadily Grows, China’s Share Shrinks — Yet Somehow Lots of People Still Worried About “Debt Traps”

Nigeria's Debt Management Office (DMO) announced late last week that the country's external debts will increase to $83 billion due to $2.5 billion of new loans provided by the World Bank and the Export-Import Bank of Brazil to help mitigate the effects of the ongoing ...
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