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[AUDIO] Africa confronts tough choices as economies falter, instability rises

Faced with slumping economies, restive populations and, in many areas, the surging threat of sectarian violence, a growing number of African countries stand at a critical juncture where they must decide who to turn to for help: to their new friends in Beijing or to those ‘lenders of last resort’ in Washington, London and Brussels. Now that the days of ... Read More »

[AUDIO] The danger of too much Chinese debt in Africa

The financial implosion in Venezuela is prompting growing concern in Beijing that China may have been too ambitious in its drive to loan billions of dollars to high-risk countries throughout the global south. Persistently low oil prices combined with corrupt, incompetent leadership in Caracas have pushed the country to the brink of economic collapse. The dire situation in Venezuela raises ... Read More »

[AUDIO] Why more Chinese companies in Africa are choosing to be good neighbors

Chinese companies around the world, particularly in Africa, have a well-earned reputation for being bad corporate citizens. There are countless stories of labor rights violations, disregard of environmental policies and lack of engagement with local communities among many other allegations. While all of these examples highlight a serious problem in China’s overseas corporate governance, it doesn’t tell the whole story. ... Read More »

[AUDIO] China’s growing appetite for African real estate

Amid a prolonged economic downturn and a weakening yuan, Chinese investors have steadily turned their focus to buying overseas assets. While there are a number of complicated reasons behind the massive capital outflows over the past 18 months, the fact remains that both individual and corporate investors are looking abroad for growth opportunities and hedges against currency fluctuations at home. ... Read More »

[AUDIO] Is Africa screwed for being too financially dependent on China?

Chinese government officials have been on all-out PR offensive across Africa lately to reassure increasingly nervous political and business leaders that even though China’s economy may be slowing it will not affect the PRC’s investment plans in Africa. Africans, for their part, have reason to be worried. Chinese trade with the continent has fallen sharply, 40% by some estimates, in ... Read More »

[AUDIO] Africa feels the chill of China’s cooling economy

It hasn’t even been a month since Chinese president Xi Jinping was in South Africa for the triennial FOCAC confab where he unveiled a massive $60 billion financial package. Oh how those were innocent, halcyon days. There was a still a prevailing sense of optimism that everything would be OK. In just a few short weeks, so much has changed. ... Read More »

[AUDIO] China & Africa: are the good times over?

One of the prevailing media narratives of China’s recent economic turmoil is the effect that it could have on emerging markets, particularly in Africa. Now that the Chinese economy is showing real signs of slowing, the story goes, Beijing will soon pull back on the billions of dollars in investments and purchases that it makes from commodity-exporting African markets. While ... Read More »

[AUDIO] How China’s economic slowdown will impact Africa

The tremors in China’s faltering economy are being felt across Africa. Now that China has replaced Europe and the United States as most African countries’ largest trading partner, there is understandable concern that slowing demand in the PRC will be felt in Africa’s commodity export dominated economies. The fear is real. Already, some Chinese-owned copper mines in Zambia have announced ... Read More »