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Tag Archives: Oil

[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 the stakes are so high for China in South Sudan

Nowhere else in Africa do China’s financial, diplomatic and geopolitical interests confront as much risk as they do in South Sudan. Beijing has invested billions of dollars in the country’s oil sector, deployed over a thousand troops to serve as UN Peacekeepers and committed considerable diplomatic capital to help resolve the ongoing civil/ethnic war between President Salva Kiir against former ... Read More »

[AUDIO] China/Africa vs. China/South America

China’s engagement in Africa is often seen by many observers in a vacuum without a broader understanding of how the relationship compares to Beijing’s strategy in other regions of the world. South America, in particular, provides an interesting contrast for how China’s engagement is both similar to what it’s doing in Africa but also highlights a number of fascinating distinctions. ... Read More »

[AUDIO] FOCAC: what to expect at this year’s mega China-Africa summit

The 6th Forum on China Africa Cooperation (FOCAC) that will be held in December in Johannesburg comes at critical time in the Sino-African relationship. The combination of China’s slowing economy, a major slump in global commodity prices and a dramatic 84% YOY plunge in Chinese investment in Africa will no doubt loom over the meeting of president Xi Jinping and ... Read More »

[AUDIO] China’s risky oil strategy in Africa’s Sahel region

Chad is one of the poorest, most corrupt and, increasingly, one of the most volatile countries in Africa. A recent wave of suicide bombings, allegedly orchestrated by Boko Haram, killed 36 and injured 50 highlights the perilous challenges of doing business in this landlocked desert country located in the heart of the Sahel. Whatever its challenges, though, Chad has oil. ... Read More »

[AUDIO] Niger and the politics of Chinese oil deals in Africa

The Chinese-built Soraz oil refinery in southern Niger is now operational again after a 45-day shutdown due to a blown compressor. That Soraz is up and running again will come as welcome relief to the people of Niger who depend on the 7,000 barrels a day of refined oil produced from the facility that supply the domestic market. Not everyone ... Read More »

[AUDIO] China’s role in Africa’s “Looting Machine”

China goes to great lengths to differentiate its engagement in Africa from the continent’s former European colonizers by emphasizing so-called “win-win development.” Chinese leaders regularly visit Africa where they emphatically reject the accusation of neo-colonialism and that Beijing is only interested in exploiting the continent’s natural resources. The reality, though, is much more complicated, according to Financial Times Investigations Correspondent ... Read More »

[AUDIO] China FM to Africa: ‘we’re not building an empire’

There is a custom in Chinese diplomacy that the Foreign Minister’s first overseas trip of the year always begins in Africa. This year was no exception as Wang Yi led a high-profile tour of five African states including Kenya, Sudan, the DR Congo, Cameroon and Equatorial Guinea. Wang opened the tour on a somewhat provocative note by challenging critics who ... Read More »

China turns to Africa for solar power sales

Turned away by trade tariffs in Europe and the United States, Chinese solar panel makers are now turning to Africa as potentially huge growth market. Chinese solar power projects are popping up across the continent, ranging for a massive 200 mw facility in Ghana to rural electrification in off-grid villages in Tanzania. Although the potential for growth is tremendous, it’s ... Read More »

[AUDIO] China’s new diplomacy in Africa

Chinese Prime Minister Li Keqiang wrapped up his four-nation tour of Africa where he set out to broaden Beijing’s diplomacy on the continent beyond natural resource extraction. Li was well-received in each stop along his journey and seemingly received high marks for China’s new, more ambitious agenda in Africa. Eric & Cobus look at the key trends to emerge from ... Read More »