Category: Loans

Dr. Kaberuka's comments on Sunday in Kigali were similar to sentiments expressed in a somewhat confrontational forum that took a few days earlier in Dakar. At a conference on debt sustainability organized by the International Monetary Fund, six African leaders led by Senegalese ...

The former president of the African Development Bank, Dr. Donald Kaberuka, joined a chorus of African leaders this week to reject accusations that African governments have taken on too much debt and have borrowed excessively from China. In a speech at ...

For years U.S. and European leaders have been warning their African counterparts about the dangers of taking on too much debt, particularly from China. Now, it appears that some African leaders have had enough of these lectures and they're starting to push back. They're saying that even ...

Jamaica is taking bold steps to manage its growing indebtedness to China as part of an ongoing policy experiment that puts a hold on new borrowing from Beijing until the government reduces its current level of debt. And Kingston's approach in how it's trying to reconcile the ...

After failing to secure a $2.2 billion loan from the Chinese to build a new Standard Gauge Railway (SGR) to replace the country's decrepit century-old colonial-era railway, Uganda is now looking to secure funding for a much more modest refurbishment of its 1,266km system. ...

For many Kenyans, the Port of Mombasa is much more than just a container terminal that facilitates shipping trade with the outside world. It's a prized national asset that serves as an indispensable economic hub for all of East Africa and a facility that hundreds of thousands ...

The government is in a race against time to secure new loans amounting to $4.1 billion to fund President Uhuru Kenyatta's ambitious "Big Four" projects that include food security, manufacturing, affordable housing, and affordable healthcare.  Where's the Money Going to ...

Uganda President Yoweri Museveni this week strongly defended his government's decision to take large Chinese loans, pushing back against his critics by claiming that his government really doesn't have any other choice but to turn to China: "The Chinese...are the only ...

For the second time in less than a month, there's been an alarming media report about China and Zambia reaching some kind of inflection point over the issue of debt. This weekend, the South China Morning Post newspaper in Hong Kong published a story with a provocative ...

China’s lending to developing countries often comes as part of massive financial packages for mega-projects. Debt sustainability comes into question for both parties involved. Some critics warn of debt traps where China is jockeying for political influence and ownership, while other ...

On average, the external debt burden of low and middle-income countries remains moderate. The ratio of external debt to GNI averaged 26 percent at the end of 2018, unchanged from the prior year average, and the ratio of external debt-to-export earnings improved slightly. 

Kenyan law professor and former director of the anti-corruption commission Patrick Loch Otieno (PLO) Lumumba first came to the attention of a lot of China-watchers in Africa in 2018 when the Zambian government blocked him from entering the country. Lumumba had been scheduled to give a ...