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Last week was the 51st anniversary of Nigeria and China establishing diplomatic relations. However, the event was dampened following recent statements by Nigeria’s transport minister, Rotimi Amaechi, who implied there was a significant shift in a crucial aspect of the
In the last few weeks, Africa witnessed two major events that could influence the continent’s economic landscape in the coming decades. First was the visit by British Prime Minister Theresa May and her pledge of $5.1 billion in investments continent-wide, …
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China is Africa’s biggest trading partner. This is why over 40 African heads of state and representatives were in Beijing, China, between September 3 and 4, 2018 for the Forum for Africa-China Cooperation (FOCAC) which will tighten China’s grip over …
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China’s footprints are all over the African continent, signing deals with many countries. However, the finer details of China-Africa loans are often kept secret. There are concerns that African countries are mortgaging their natural resources as collateral for the loans. …
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There have been credible reports of talks between the Zambian government and China on handing over the country’s national electricity company, ZESCO to the Chinese due to the inability of Zambia to meet its loan repayment promises. This is expected …
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Sri Lanka’s Hambantota Port was signed over to China on a 99-year lease because Sri Lanka could not repay Chinese loans it took out to build the port
Palpable fears heightened across Africa, last week, following a report of impending …
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Zambia’s power company, ZESCO, is set to be among the first casualties of China’s takeover after defaulting on loan repayment, a report revealed.
The report released by Africa Confidential – a United Kingdom (UK) based newsletter – titled: Bills, Bonds …
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