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African Borrowers Need to Wake Up to the Reality of Chinese Loans

Chinese lending to developing countries has come under sharp focus since the release of several reports that have reshaped the debate. Unsurprisingly, many news reports, like the BBC’s “China: Big spender or loan shark” are ringing the alarm bells. However, I’d argue that the reports should rather prompt new ...

Why Zambia is An Outlier Among African Countries That Owe Money to China

Zambia owes at least 18 Chinese creditors $6.6 billion, nearly twice as much as previously stated, according to a new report published by the China-Africa Research Initiative (CARI) at Johns Hopkins University. And that figure may be even higher as it ...

Analysis from Cobus van Staden

How a Port Expansion in a Tiny, Self-Declared African Country Reverberates Around the World

One of the key discussions in the run-up to the Forum on China-Africa Cooperation summit is whether China is stepping away from funding large-scale infrastructure projects like roads and ports. 

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Week in Review: Xi Opens COP15, Zambia Takes Action Against a Chinese Mine & SA Busts Chinese Abalone Ring

The UN's biodiversity convention, known as COP15, opened on Tuesday in the southern Chinese city of Kunming. President Xi Jinping delivered the keynote address and announced that China will commit $230 million to help developing countries protect endangered plant and animal wildlife. Even as China is currently bingeing ...

Key Takeaways From AidData’s New Report on How China’s Finances the BRI

AidData, the development research lab at William & Mary College in Virginia, published a landmark report this week that provides the most comprehensive overview to date of Chinese financing of projects along the Belt and Road. Researchers pored through 13,247 projects ...

Week in Review: Debt, Arrests and Market Expansion

Zambian President Hakainde Hichilema will head to Washington soon to meet with officials from the IMF and World Bank in an effort to secure a new financing package. The Zambian leader spoke at the UN this week and met with U.S. Vice President Kamala Harris in New York.While President ...

Hichilema Calls For Mining Policy Review But Stays Mum on the Chinese

Zambian President Hakainde Hichilema (photo) called for a review of the country's mining policies on Friday in his first address to parliament since he assumed office last month. But for now, he's not proposing a Congolese-style review of foreign ...

China’s Role in the Burgeoning Debt Challenge in Africa

The debt situation in Africa is changing very quickly as some countries race to negotiate urgent bailouts with the IMF while others are struggling to service their debts amid the ongoing pandemic. Pretty much every country across the continent is struggling ...

Hichilema Acknowledges Zambia’s Debt “Hole” is Bigger Than He Thought

Newly-elected President Hakainde Hichilema's brief honeymoon with the international financial community may have come to an end on Wednesday when he publicly acknowledged what's long been suspected: that Zambia's hidden debts are far more extensive than what's been publicly disclosed.  Zambia’s ...

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 ...

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 ...

Gyude Moore Reflects on Hichilema’s Victory in Zambia and Why China is Calling in Its Loans in Kenya

A lot of major developments this week in the China-Africa space following Zambia's landslide election victory for opposition leader Hakainde Hichilema and new debt repayment challenges in Kenya for the embattled Standard Gauge Railway.

Markets Optimistic Hichilema Will Resolve Zambia’s Debt Crisis

Global financial markets are telegraphing their relief that Zambian opposition leader Hakainde Hichilema decisively won last week's presidential vote and that he'll now have the necessary mandate to bring an end to the country's worsening debt crisis. Both Zambia's kwacha and ...
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