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China Sends Medical Teams to Africa as Part of New, Stepped-up Aid Push

China is boosting its COVID-19 aid efforts in Africa by sending medical teams to various countries and also connecting local health providers across the continent with infectious disease experts back in China. The deployment of medical personnel to countries like Algeria and, soon, Nigeria, is part of ...

Rebound in Chinese Manufacturing Provides a Small, Badly Needed Boost to African Oil Prices

New data confirming that China's manufacturing sector is slowly coming back to life helped to give a badly needed boost to African commodity and currency prices on Tuesday.  China's Purchasing Managers Index, a key metric that measures factory activity, jumped to ...

African Futurist Jakkie Cilliers Looks Beyond Today’s COVID-19 Crisis

“African economies are staring at an abyss,” said Ethiopian Prime Minister Abiy Ahmed earlier this week in a desperate appeal to the international community for aid and debt relief to offset the ruinous effects of the COVID-19 outbreak.

Chinese Concessional Loans are Going to Look a Lot More Attractive to African Borrowers Now that Eurobond Interest Rates Are Going Through the Roof

The cost of borrowing money for a number of African governments is skyrocketing amid the worsening global economic crisis brought on by the COVID-19 outbreak and the implosion of the OPEC+ alliance. Under normal circumstances, investors, particularly those in the Eurobond ...

With Inventories of Chinese-made Products Running Low Across Africa, Shop Owners Wonder What’s Next

China-Africa trade has essentially come to a halt due to the worsening COVID-19 outbreak around the world, adding new pressure on small business owners across Africa who make a living selling imported Chinese goods. Now with inventories running low, shopowners are wondering how they're going to replenish ...

As Oil Prices Tumble, COVID-19 Rapidly Escalates From a Health Crisis to a Full-Blown Economic Crisis in Africa’s Crude-Exporting Countries

When oil trading started today in Asia, sellers moved quickly to unload their positions prompting a "cataclysmic collapse" that saw prices plunge by a stunning 31%, the single largest price drop in almost 30 years. The sell-off ...

Price Gouging, Illegal Sales to China Make it Difficult for Africans to Protect Themselves Against Infection

Face masks, hand sanitizers and other protective gear against infection from the deadly COVID-19 are becoming harder to find in many African cities as speculators hoard supplies and sell them overseas. Meantime, when they are available, prices have reportedly surged so high in some pharmacies putting them ...

With Inventories Running Low, Businesses Across Africa Worry About What’s Next

The near-halt in aviation and shipping links between China and Africa is causing severe disruptions in the supply chain that stocks the inventories of countless businesses across the continent. Merchants of all sizes and in all sectors are now scrambling to find other suppliers to replace the ...

Bloomberg: West African Crude Shipments to China Set to Plunge Next Month by 10 Million Barrels

West African oil exports to China are expected to fall dramatically next month, by as much as 10 million barrels, according to oil traders interviewed by Bloomberg. If this happens (and it is speculation at this point) it would reduce West Africa's monthly volume ...

Tweet of the Day: It’s Been a Good Week for Huawei in Africa

Just days after Safaricom acting CEO Michael Joseph brushed off U.S. concerns about using Huawei equipment on its new 5G network in Kenya, the Chinese telecom giant also received good press in Nigeria for the company's corporate social responsibility initiatives.
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