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China-Africa relations

China ‘not in the business of haircuts’ as Zimbabwe asks for debt reduction from creditors

by Ron Morgan
China ‘not in the business of haircuts’ as Zimbabwe asks for debt reduction from creditors

“Zimbabwe is currently in debt distress due to the accumulation of external debt payment arrears amounting to US$6.7 billion,” Ncube said. “The external debt overhang is weighing heavily on the …

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Opinion | As China’s economy slows, Africa stands at a critical juncture

by Walter Watson
Opinion | As China’s economy slows, Africa stands at a critical juncture

China has footed the bill for massive projects in Africa, including providing around US$1 billion in loans at the end of 2023 to finance two new electricity-generating units in Zimbabwe’s …

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