Djibouti Suspends Debt Payments While Rwanda Gets (Just a Little) Relief From China

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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by Eric Olander

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