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With Chinese Infrastructure Financing Drying Up in Africa, China’s Contractors Now Look to Europe

China's construction giants are knocking on the doors of development finance agencies in Europe in a bid to find new sources of funding for projects in Africa, according to a report in Global Trade Review. Until recently, Chinese ...

When Viewed in Context, Africa’s Trade With China is Very Small

Although China is by far Africa's largest bilateral trading partner with two-way trade this year on track to exceed last year's $187 billion. In the January-August period, according to Vice Commerce Minister Qian Keming, China-Africa trade is up 40.5% to $139.1 billion.

Don’t Worry About the Debt, Assures Kenya’s Treasury Minister as Millions Flow Back to China

Kenya’s Cabinet Secretary in the Treasury, Ukur Yatani defended the government’s recent borrowing spree and urged citizens not to worry about debt since the government has a repayment plan. “If you want fast development you have to borrow. It would take us ...

Even Amid a Pandemic, Chinese FDI in Africa Jumped Almost 10% Last Year

Chinese foreign direct investment in Africa increased by 8% in 2020 compared to the previous year, from $2.7 billion to $2.96 billion. Including the 2020 investments, the total Chinese FDI on the continent amounts to $47.4 billion, according to data in a new report published by the ...

Can Africa Learn Anything From How China Runs Its State Companies?

As African countries work to rebuild their economies from the wreckage caused by the ongoing COVID pandemic, policymakers will be looking at what they can do to bolster their countries' state-owned enterprises (SOE). That may prompt them to examine China's model ...

Analysis from Cobus van Staden

Which Way is West?

One of the fun aspects of the China-Africa Project is that we don’t always agree. The work of pulling in different perspectives means that how we see reality is itself a negotiation, drawing on our different backgrounds. For example, one of the issues where Eric and I diverge is on whether the concept of The West makes any sense.

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Zambia’s New Finance Minister Says a Deal With the IMF is Key, Avoids Any Mention of Chinese Debt

Zambia's newly-named finance minister Situmbeko Musokotwane said he's going to prioritize closing a restructuring deal with the International Monetary Fund because it would give creditors confidence and the government cheaper and longer-term financing. Musokotwane was appointed on Friday (the second ...

MSA Capital is the Chinese VC Firm to Watch When it Comes to Investing in African Start-Ups

Announcing yet another early-stage Africa-focused company being backed by the Beijing-based MSA Capital is becoming a monthly ritual. African mobile money start-up PawaPay is the latest to attract MSA Capital financing as part of a $9 million seed round.

New Trends in Chinese Energy & Development Finance

U.S. special climate envoy John Kerry will be in China next week to pressure the government to renounce all future financing of coal power plants around the world. Although China generally does not respond well to foreign demands like ...

New Paper Calls For the Creation of a China-Africa Digital Currency Trading Hub

With cryptocurrencies becoming more popular around the world, China is now moving quickly to establish its own digital currency as a global standard, particularly in emerging markets like Africa where the mobile payment sector is booming. Early on, Beijing outlawed the ...

Hichilema May Find Out Getting Elected Was the Easy Part, Fixing Zambia’s Debt-Ridden Economy Will Be a Lot Harder

A peaceful transfer of power took place in Lusaka on Tuesday when opposition leader Hakainde Hichilema (photo) became Zambia's seventh president in the post-colonial era. President Hichilema made clear right from the start that the economy, specifically reducing the country's heavy debt load, will be ...
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