China is Africa’s biggest trading partner. This is why over 40 African heads of state and representatives were in Beijing, China, between September 3 and 4, 2018 for the Forum for Africa-China Cooperation (FOCAC) which will tighten China’s grip over …Continue reading
China’s footprints are all over the African continent, signing deals with many countries. However, the finer details of China-Africa loans are often kept secret. There are concerns that African countries are mortgaging their natural resources as collateral for the loans. …Continue reading
Sri Lanka’s Hambantota Port was signed over to China on a 99-year lease because Sri Lanka could not repay Chinese loans it took out to build the port
Palpable fears heightened across Africa, last week, following a report of impending …Continue reading
Zambia’s power company, ZESCO, is set to be among the first casualties of China’s takeover after defaulting on loan repayment, a report revealed.
The report released by Africa Confidential – a United Kingdom (UK) based newsletter – titled: Bills, Bonds …Continue reading