Europe is Africa's largest trading partner and its largest source of foreign direct investment. But a lot of that economic engagement is powered by inertia, left over from Europe's long, painful history of colonial exploitation in Africa. Just as in the United States, Europe's politics are decidedly inward-looking where Africa, if it's on the agenda at all, is still largely seen as a "problem to be fixed." When policymakers do raise the issue of heightened engagement with the continent, it's often in the context of what the EU can do to counter China's influence in Africa. A new report publish ..read more

As Chinese engagement in Africa steadily increased over the past twenty-five years, the U.S. has struggled to respond. Africa has consistently been a low priority in U.S. foreign policy, even with China's growing presence on the continent, and that's especially true today as events in the Middle East, Russia, and the South China Sea dominate the agenda. For the past two weeks, Eric, Cobus & Géraud crisscrossed the U.S. capitol to meet with scholars, analysts, diplomats, and policymakers to get firsthand perspectives on how the China-Africa relationship in 2024 is seen from Washington. Thes ..read more

South Africa this week joined a growing list of developing countries around the world to introduce tariffs on certain Chinese imports in a bid to protect local producers. Indonesia, Mexico, Chile, and Brazil, among others, also introduced similar duties on Chinese steel and other products. While low-cost Chinese goods are a boon for Global South consumers, they're extremely problematic for manufacturers in these countries because it's almost impossible to match the "China Price." Chinese factories can produce goods at a scale and cost that remains unrivaled, and now, according to a new report ..read more

Protestors in Kenya this week expressed fury against the government and the IMF but interestingly made no mention of China during an unprecedented uprising in Nairobi. It's notable because the Kenyan Treasury spends more money to service its Chinese loans than any other single creditor. For years, across two administrations, the Kenyan government has pleaded with China to reschedule nearly $6 billion of outstanding loans, all to no avail. And the cost of servicing that dollar-denominated debt has skyrocketed due to the depreciation of the shilling. This week, Eric, Cobus & Geraud discuss t ..read more

The violent confrontation between China and the Philippines on June 17th near the Second Thomas Shoal marked a sharp escalation in tensions between the two countries over their rival territorial claims in the South China Sea. After the melee that severely injured one Filipino sailor, the two countries engaged in a second battle, this time in the media, to shape the narrative of what happened and where this burgeoning crisis goes from here. Alex Vuving, a professor at the Pentagon-backed think tank Asia-Pacific Security Studies Center in Honolulu, joins Eric to discuss why the events of June 17 ..read more

The BRICS group has existed since 2009 and has done little to distinguish itself in 15 years. They created a mid-sized development bank, but other than that, the bloc's accomplishments have been rather modest. That's now starting to change as the BRICS doubled in size to ten members, with around thirty other countries now on the waiting list. At the latest BRICS Foreign Ministers gathering in western Russia last week, new initiatives harmonizing AI standards, currency transfers, and developing new business parks were among the issues on the agenda. While these may seem trivial in this era of w ..read more

Chinese development finance in Africa today is a small fraction of what it was a decade ago when Beijing's policy banks provided billions of dollars in loans to countries across the continent. But while those heady days of easily accessible finance will likely never return, there are indications major Chinese lenders are once again gearing up to extend new financing for badly needed infrastructure projects in Africa. Tarela Moses and Tim Hirschel-Burns from Boston University's Global Development Center closely follow the latest Chinese financing trends and join Eric & Cobus to discuss why ..read more

With memories still fresh from the first Cold War, leaders in Africa, Asia, and across the Global South have repeatedly said they do not want any part of a second Great Power rivalry. But as tensions between the U.S. and China steadily deteriorate, the pressure on these smaller, non-aligned countries is going to surge. The geopolitical dynamics are changing very fast. Jane Perlez, a renowned Pulitzer Prize-winning journalist who spent more than thirty years reporting for The New York Times as a foreign correspondent, laid out the challenges in a new eight-part podcast series on the burgeoning ..read more

Ethiopia's long-held ambition is to one day emerge as a major global manufacturing hub, benefiting from a wave of Chinese offshoring. The East African country's strategic location, abundant labor supply, and welcoming government are all very enticing for cost-conscious Chinese manufacturers. And while Ethiopia has been more successful than many African countries in attracting Chinese investors, the number of factories that have been established there is still relatively small. A new documentary that's making the rounds on the international film festival circuit provides fascinating insights in ..read more

Officially, Mozambique bans the export of raw timber in an effort to protect what's left of the country's rapidly shrinking forests. But whatever laws are in place are largely disregarded as more than 500,000 tons of timber leave the country each year  — 90% of which goes to China, according to a new report by the Environmental Investigation Agency. This illicit timber trade is also very lucrative, generating more than a billion dollars that helps to fund a deadly insurgency ravaging northern Mozambique. Alexandra Bloom, a senior trade and policy analyst at EIA, joins Eric & Cobus to ..read more