Kenya is struggling to repay a massive debt owed to China for the construction of the Standard Gauge Railroad that links the Kenyan cities of Mombasa and the capital, Nairobi. But President William Ruto is asking for an additional billion-dollar loan from China to complete some other stalled development projects in the country. Kennedy Wandera has more from Nairobi. Camera: Jimmy Makhulo Voice of America
BEIJING — A Chinese man wanted for allegedly embezzling millions of yuan (hundreds of thousands of dollars) from his company and then fleeing to Morocco was extradited back to China on Saturday, the Ministry of Public Security said. The man, a financial executive at the company, used passwords for its bank accounts to transfer money to his personal account, the ministry said in a statement. It didn’t name the company but said that Shanghai police filed a case against the man in February 2020. Moroccan police arrested him in April…
In one of his famed self-portraits, Omar Victor Diop, a Senegalese photographer and artist, wears a three-piece suit and an extravagant paisley bow tie, preparing to blow a yellow, plastic whistle. The elaborately staged photograph evokes the memory of Frederick Douglass, the one-time fugitive slave who in the 19th century rose to become a leading abolitionist, activist, writer and orator, as well as the first African American to be nominated for vice president of the United States. Diop is no stranger to portraying the aches and hopes of Black people…
African leaders are pushing for renewal of a preferential U.S. trade policy, set to expire in 2025, that allows them duty-free access to the U.S. market. Kate Bartlett spoke with U.S. trade representative Katherine Tai about U.S.-China competition at the annual summit of the African Growth and Opportunity Act in Johannesburg and visited a factory that does business with both countries. Camera — Zaheer Cassim. Voice of America
China has become the world’s biggest debt collector, as the money it is owed from developing countries has surged to between $1.1tn (£889bn) and $1.5tn, according to a new report. An estimated 80% of China’s overseas lending portfolio in the global south is now supporting countries in financial distress. Since 2017, China has been the world’s biggest bilateral lender; its main development banks issued nearly $500bn between 2008 and 2021. While some of this predates the belt and road initiative (BRI), Beijing’s flagship development programme has mobilised much of the…
As the United States seeks to deepen its relationships with African nations and counter the influence of rivals like Russia and China, it confronts a tricky question: How does it respond when countries do things that run afoul of Washington’s stated commitment to democracy and human rights? That tension hung over a major trade conference between the U.S. and African countries that started in Johannesburg this week, after President Biden announced that he was suspending four nations from a critical trade program that aims to promote economic development in Africa.…
JOHANNESBURG — This week, the U.S. State Department confirmed that Washington’s plan to refurbish and extend the Lobito Corridor — a railway that will run through mineral-rich Zambia and the Democratic Republic of Congo to an Atlantic port in Angola — is moving full steam ahead. Such ambitious infrastructure investments by other powers in Africa have been derailed in the past. For years, China has tried with mixed results to increase its influence in Africa and boost trade connectivity by investing in ports and railways. Debt-incurring or unfinished projects undertaken…
Zambian authorities say trade between the country and China increased to more than $5 billion in 2022, bringing an influx of Chinese products into local markets. Some Zambians appreciate having more choices, but others aren’t happy about the competition. Kathy Short reports from Lusaka. VOA footage by Richard Kille. Voice of America
Johannesburg, South Africa — A new report accuses a Chinese company of illegal deforestation in Congo, but there’s debate over which country is responsible. Over a six-month period last year, Congo King Baisheng Forestry Development exported $5 million – or about 30 million kilograms — in illegally logged hardwood to timber conglomerate Wan Peng through Zhangjigang Port, the environmental watchdog Global Witness found in its report. The DRC’s Environment Ministry did not respond to questions about the findings, while the Chinese Embassy in Washington, D.C., stressed that China places “great…
NAIROBI, KENYA — The International Monetary Fund is cautioning African nations about the possibility of a regional economic downturn and the ripple effects that China’s slowing economy could bring. Africa and China have forged economic ties over the past 20 years, making the Asian giant the continent’s largest trading partner. Africa exports metals, minerals and fuel to China, while importing manufactured goods and machinery from that country. The IMF says the partnership is threatened by China’s economic slowdown and aging population, trade tensions, geopolitics and the ongoing impacts of the…