Category: Loans
Daily Nation’s Aggrey Mutambo on the Current State of China-Kenya Relations
The China-Kenya relationship is at a sort of inflection point right now where there is a palpable sense that the relationship has to change or else it risks deteriorating. The ballooning debt, yawning trade imbalance and the general lack of transparency ...
China-Africa 101: China’s Role in Africa’s Debt
One of the most talked-about issues in Africa-China relations today is debt. Africa is borrowing heavily from China and many observers worry that African governments do not have the capability to pay it back. The Belt and Road Initiative (BRI), China’s trillion-dollar effort to connect Asia, Europe, ...
Kenya’s Appetite for Chinese Loans May Finally be Starting to Wane
During a meeting last week with Yang Jiechi, Chinese president Xi Jinping's special envoy for Africa and one of Beijing's most senior foreign policy officials, Kenyan president Uhuru Kenyatta gave one of the first indications that the mounting pressure over his country's rising debt levels may ...
Zimbabwe Gets China, India Loans to Boost Power Generation
Zimbabwe has obtained three separate loans of just over US$108,3 million from the Export-Import Bank of China and Export-Import Bank of India to be used for power generation projects and broadband expansion. Government tied a loan agreement with the Export-Import ...
A Chinese Perspective on the African “Debt Trap” Debate
Aside from the politicians who attended the Forum on China-Africa Cooperation summit in Beijing earlier this, seemingly few others were pleased to hear that China is providing Africa with another massive $60 billion package of loans and grants.
The Danger of Too Much Chinese Debt in Africa
The financial implosion in Venezuela is prompting growing concern in Beijing that China may have been too ambitious in its drive to loan billions of dollars to high-risk countries throughout the global south. Persistently low oil ...
Mugabe Critic: Zimbabwe's 'Old Friend' China Is Bleeding It Dry
Harare-based economist and columnist Vince Musewe doesn't mince words in his criticism of Zimbabwe's growing financial dependence. Beijing is 'bleeding Zimbabwe dry' through loans and Musewe says enough is enough. He is calling on Robert Mugabe's government to come clean and reveal the secret ...
The China-Africa Honeymoon Is Over
There is a growing sense among Africans and Chinese alike that their once heady romance is now entering a new, more pragmatic phase. Across Africa, people and politicians are becoming visibly more concerned about the surging trade deficits, massive loan debts, persistent labor rights ...