Africa’s Debt-fueled Infrastructure Binge Will Not Generate Economic Growth, Says Prominent Kenyan Scholar

File image of the Chinese-financed and built Nairobi Expressway in Kenya. Simon MAINA / AFP

Kenya, Nigeria and Zambia are among a number of African countries that borrowed billions of dollars over the past twenty years to build massive infrastructure projects that policymakers in those countries all thought would help grow their economies.

That didn’t happen and now those countries are wilting under a pile of debts they may never be able to repay.

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by Eric Olander

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