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OPINION: Why Africa Should Embrace the Yuan as a Reserve Currency

Kenyan economist and commentator Benard Aiyeko laid out his case as to why African central banks should add the Chinese yuan to their basket of reserve currencies. Today, only a few African countries including Angola, Zimbabwe and Nigeria settle some of their payments in yuan and hold ...

France Announces Plans to Host Africa Summit in 2020

France's ambassador to South Africa, Aurelien Lechevallier, unveiled plans for a new France-Africa Summit that will take place next year in South Africa. He added that president Emmanuel Macron will come to South Africa for the event, which is scheduled for next June. 

US Trade & Development Agency Chief: “China Hasn’t Changed Our Approach in Africa”

Despite his best efforts, the CNBC Africa journalist Karabo Lethlhatlha wasn't successful in getting the Acting Director of the United States Trade and Development Agency, Thomas R. Hardy, to comment on China. In an interview that was nominally about Washington's efforts to expand investment in Africa, Lethlhatlha, ...

China Appears to be Using African Mass Media to Try and Sway Public Opinion on Xinjiang

China has been very effective in persuading African governments to take its side against U.S. and European-led critics of its policies and well-documented human rights violations in the western province of Xinjiang where hundreds of thousands, even millions of Uighur minorities have been detained. ...

China Turns to Twitter to Negotiate Financial Assistance Dispute with Zimbabwe

Typically in a dispute like the one China's currently having with Zimbabwe over the exact amount of aid provided by the Chinese government would be handled behind closed doors between officials from the embassy and the finance ministry. Not this time. ...

China Accused Zimbabwe of Undercounting Its Financial Assistance… By a Lot!

A very public rift broke out on Tuesday between China and Zimbabwe over how much financial assistance Beijing provides to Harare.  It all began last Thursday when Finance Minister Mthuli Ncube said in a budget statement that Zimbabwe had received a total ...

With Chinese and Russian Warships Heading to South Africa, Pretoria Sends a Powerful Message to the U.S. 

If U.S. officials haven't received the message yet that Pretoria is increasingly aligning its foreign policy with Washington's two most formidable adversaries then the image of Chinese and Russian warships docked in Cape Town later this month should do the trick.  ...

Q&A: Chinese Venture Capital Firms Are Now Starting to Invest in African Start-Ups

Now that it's becoming more difficult for Chinese venture capital (VC) firms to invest in the United States where their money is increasingly regarded as "toxic," these investors are now looking farther afield for new opportunities and that's bringing them all the way to Africa. Evidence ...

African Union Caught in Middle of Bitter U.S.-China Feud Over Huawei

The Chinese government responded forcefully on Monday to a blistering speech by U.S. Chief Technology Officer Michael Kratsios that he delivered last week at the Web Summit in Lisbon, Portugal where he slammed countries for "opening their arms" to the Chinese tech giant Huawei. During his ...

Video Worth Watching: What Happens When China Builds Your Country’s Internet?

Throughout Africa, countries are being connected to the digital economy for the first time, making the internet accessible where it once was not. In Zambia, communication, banking, and public services are all going digital. As in many African nations, this is ...
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