Tag: Chinese loans
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Chinese Lending Cut Makes Japan Kenya’s Largest New Lender
A sharp cut in Chinese lending to Kenya means that Japan now outpaces it in new lending to the East African country, according to new numbers released by the Kenyan Treasury. Compared to a height of $1.2 billion in 2016, Chinese lending to Kenya for the current fiscal ...
Report Debunking Kenya’s Mombasa Port Panic Leads to Debt Trap Reckoning from Press
African press outlets are reacting to a new report debunking the idea that China will seize Kenya’s Mombasa port in the event of a default on its Standard Gauge Railway loan. But the diversity of the reaction shows how snarled the issue of Chinese lending ...
Rare $20 Million Chinese Aid Grant to Uganda
The Chinese embassy in Kampala announced that Beijing will provide Uganda with a $20 million aid grant intended to support social development initiatives. While this sum doesn't stand out compared to Western aid allocations, it is notable because these kinds of conventional aid ...
How a Small Group of Negotiators in Benin Got China to Play Ball
Chinese loan contracts to African countries are increasingly controversial, raising questions as to how African negotiators can get better deals. One of the world’s foremost experts on Africa-China negotiations, Folashade Soule, recently published a report highlighting how a group of negotiators in Benin bargained with Chinese bodies ...