Recapping the Forum on China-Africa Cooperation

 Reuters published on 7 September 2024 an article titled "China Stops Short of Africa Debt Relief as It Pledges More Cash" by Duncan Miriri and Laurie Chen.

China pledged $51 billion in new assistance, without providing details, over three years at the just concluded Forum on China-Africa Cooperation.  It did not, however, announce any major debt relief for those countries that now find themselves in debt trouble.  

The Future of China's RMB in Africa

The Institute for Security Studies (ISS) published on 13 August 2018 a commentary titled "Can China Free Africa from Dependency on the Mighty Dollar?" by Peter Fabricius, ISS consultant.

Only 3 to 5 percent of all global foreign exchange transactions are now in China's RMB and about 75 percent are in dollars. The RMB will become a much more important currency in trade and foreign reserves. While Chinese currency swaps will help African and other countries reduce their dependencies on the dollar, they will not end them.