File image of Djibouti's Doraleh Container Terminal which is partially owned and operated by the state-owned China Merchants Group. Yasuyoshi CHIBA / AFP
🇩🇯 DJIBOUTI: The government reportedly suspended debt repayments to two of its largest creditors, likely China and Kuwait, in response to a dramatic increase in the country’s debt servicing costs in 2022, according to a new World Bank report. (SOUTH CHINA MORNING POST)
🇷🇼 RWANDA: China offered to write off a $7.1 million interest-free loan used to build the 6km Masaka-Kabuga road in the capital Kigali. Chinese cancellations of these types of zero-interest loans in Africa are quite common. (THE EAST AFRICAN)
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While there’s widespread concern in Kenya about the country falling prey to a Chinese “debt trap,” the reality is that Kenyans should be far more concerned about the consequences of failing to repay ...
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