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COVID-19: Stronger International Support Needed for Africa -IMF, African Caucus Chair

By Reuters Staff Africa needs carefully-calibrated domestic policies and stronger support from the international community to recover from the COVID-19 crisis and return to its path of stronger growth, the head of the IMF and the African Caucus said on Thursday. International Monetary Fund Managing Director Kristalina Georgieva and Domitien Ndihokubwayo, Chairman of

‘Blind Dumping Over’: Chinese Lenders in Africa Focus on Stronger Economies

Lending to African countries that have not sought debt relief from China rose in 2019, says American research instituteDrop in lending temporary, say researchers, because ‘Chinese banks are interested in the profits available in emerging and frontier markets’ By SCMP China’s lending to Africa dropped by nearly 30 per cent in 2019 after

China Cut Lending to Africa in 2019 as Debt Fears Grew–Report

•Loans to public sector borrowers fell to $7bn in 2019, down from $28bn five years ago By David Pilling and Andres Schipani  China’s lending to African countries fell substantially before the pandemic hit, according to new research, suggesting lenders became concerned about the sustainability of rising debt levels on the continent. Chinese lending to African public sector

Why Lagos Has Become Africa’s Most Attractive Tech Hub for Investors

•After Flutterwave and Paystack, the Nigerian city has attracted local and global investors looking to find the next big African opportunity. By Aanu Adeoye Last week, a $170 million venture investment in Lagos-based Flutterwave, a payments processing startup, set the Nigerian tech ecosystem alight with excitement and pride. That’s because it is one of the

COVID-19: China’s ‘Mask Diplomacy’ Won Influence Across Africa, during and after the Pandemic

By Dinko Hanaan Dinko Being Chinese in Africa was the worst possible stigma for much of 2020. Africans vilified the Chinese, blaming them for the COVID-19 pandemic. At the same time, China was blaming Africans for the pandemic, too. Viral videos in March and April 2020 showed Chinese authorities forcibly evicting Africans from their homes in

Coup-Proofing: Russia’s Military Blueprint to Securing Resources in Africa

By Neil Edwards In the Central African Republic (CAR), outside the capital Bangui, President Faustin-Archange Touadéra exerts little to no authority. Armed rebel groups control two-thirds of the country, including access to mining sites. Political instability is deeply rooted: CAR has endured four successful coups and two failed coups since 1979, including the unsuccessful attempt ahead

China Delivers on Africa Vaccine Pledges

By Kester Kenn Klomegah China and Africa have long decades of interaction. The relationship has changed over the years and Chinese outreach to Africa has often been viewed with deep appreciation, especially helping to overcome development challenges. As expectedly, China appears moving steadily to deliver on its pledge by offering manufactured vaccines

Africa Turns to Russia, China for COVID-19 Vaccine

China and Russia taking advantage of delays by Western countries to supply vaccines to Africa, says, expert Abandoned by rich Western nations, African countries are largely looking to China and Russia to get doses of COVID-19 vaccines. While Morocco, Algeria, Ethiopia, Zimbabwe, Egypt, Sierra Leone, Senegal, and Equatorial Guinea have already received