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G20 Suspends Debt Repayments For Another Six Months

The G20 is providing developing countries with yet more breathing room to repay their debts. G20 finance ministers and central bank chiefs met yesterday and announced that it would extend the Debt Service Suspension Initiative by another six months from June through December.

Ivorian Striker Passes Up Chinese Naturalization So He Can Play For His Own National Team

After five years of playing in the Chinese Super League, Jean Evrard Kouassi qualified for Chinese residency and the chance to play on China's national team. But the Ivorian striker decided to pass in the hope of making his own national team back home. ...

China Communications Construction Company in Africa

The China Communications Construction Company (CCCC) is Africa's largest international contractor, with a 40-year history of building some of the continent's largest infrastructure projects, according to a company promotional video. Some of CCCC's recent projects are among Africa's ...

UN Agency is Upset With Moody’s After the Firm Took Action Against Four African Countries

The United Nations’ Department of Economic and Social Affairs is disappointed with Moody's Investors Services after the global ratings agency put four African countries up for review following their decision to join the G20's debt service suspension initiative (DSSI), according to a report in ...

African Leaders Criticize Wealthy Countries For Lack of Progress on Debt Relief

Five African presidents, from Kenya, Ivory Coast, Sierra Leone, Senegal, and Niger, decried the lack of meaningful progress by wealthy industrial countries on debt relief and financial assistance to the continent amid the worsening COVID-19 outbreak. The leaders took part in a ...

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 ...

Across the Continent, African Authorities on High Alert for Coronavirus

African health authorities across the continent are now actively screening passengers at key ports of entries, particularly international airports, to screen passengers for the flu-like symptoms that highlight the deadly coronavirus that has infected thousands in China and killed several dozen people.

With 53 Million Users, Chinese-owned Boomplay Now Turns to Francophone Africa to Drive Growth

The Chinese-owned streaming music joint venture (Transsion Holdings & Netease) currently dominating the African market is now looking to grow its base of 53 million users by expanding beyond its base in anglophone West Africa into francophone countries. Boomplay's Big Plans

China's StarTimes Is Now One of Africa's Most Important Media Companies

The Beijing-based StarTimes Group is now one of Africa's most important media companies with 10 million subscribers across 30 countries. The pay TV company is leading the continent's transition from analog to digital television with some of the world's most ...