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China-Africa in the news: Risky loans, Queensway, Zimbabwe’s tobacco, Djibouti, Mswati’s Taiwan trip, Tiens Group

China is “growing less tolerant” of its “cheque book” diplomacy strategy. The strategy has seen China become the biggest lender to developing nations, a good number of them unstable or poorly governed (like Equatorial Guinea and Zimbabwe). China has lent billions of dollars to the developing world so it can “win friends and commercial advantage,” and also, ultimately, burnish its credentials as leader of the developing world. But the risks of the strategy might come to outweigh the benefits. Continue Reading

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China-Africa in the news: ‘Racist’ Nairobi restaurant, China’s defence minister in Zimbabwe and Namibia, Museveni and Lungu in Beijing, Kenya’s growing debt

“The time for Africans is over,” a guard told a couple of prospective patrons. Only, these were not just any other patrons but journalists. African journalists, in Kenya – an African country – turned away by an African guard at… Continue Reading

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China-Africa in the news: China’s Ebola efforts earn both praise and criticism, Mali secures funding from Beijing, and claims of corruption in Zimbabwe’s Chinese-funded projects

China ramped up its support to efforts aimed at containing the Ebola outbreak in West Africa, announcing $32 million worth of humanitarian aid and sending 59 laboratory personnel to the region. This is on top of the $5 million worth… Continue Reading

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Development bank to top agenda as Brazil hosts sixth BRICs summit

The creation of a $50 billion development bank and $100 billion reserve fund is expected to top the agenda at the summit. According to Bloomberg, “the initiatives are born out of frustration with a lack of participation in global governance, particularly in the World Bank and International Monetary Fund.” However, Bloomberg also notes that the initiatives are still not enough to “revive the group’s waning clout.” Continue Reading