For two decades, China’s strategy in Africa was straightforward: shower the continent with opaque and corrupt loans to build roads, ports, and power plants, securing influence and natural resources ...
In Kenya and Ethiopia, China is using debt distress as a strategic opening to expand the RMB’s international use.
Africa has become the new great-power chessboard. The pieces aren’t soldiers or diplomats—they’re ports, railways, and ...
Chinese companies will team up with African governments to fund infrastructure while reducing financial risk and easing debt pressure China has turned to public-private partnerships (PPP) to finance ...
Since taking office, President William Ruto has said Nairobi is ‘neither East nor West’. Yet as fiscal gaps widen and growth ...
Ethiopia and Kenya may become Africa’s first countries to repay Chinese loans in Beijing’s currency. It’s the latest in a ...
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China pushes yuan global use by flexing creditor power across developing nations
China is converting dollar debts owed by developing nations into yuan loans to expand global use of its currency.
Move expected to cut Kenya’s annual debt-servicing costs by US$215 million also fits into China’s broader goal of yuan ...
Paula Bronstein / Getty Images China has dramatically curtailed its lending in recent years. Now, it’s emerging as the largest debt collector for many of the world’s poorest nations — a shift that ...
Africa has become a new hotspot for Chinese exports as Donald Trump’s tariffs redraw trade for the world’s biggest manufacturing nation. With a 25% on-year jump to $122 billion, growth in sales to the ...
Africa’s vast resources, youthful population, and strategic location present a unique opportunity to reshape global partnerships.[1] Rather than remain a passive recipient of aid, Africa must assert ...
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