This week, African leaders have descended on China’s capital, seeking funds for major infrastructure projects as they navigate
China has provided billions in loans to African nations,African leaders are expected to seek more Chinese investment and more favorable loan terms.have descended on China’s capital, seeking funds for major infrastructure projects as they navigate the growing competition among great powers for resources and influence on the continent. Over the past decade, China has strengthened ties with African nations, providing billions in loans that have supported infrastructure development.
Research by the Chinese Loans to Africa Database revealed that Beijing’s loans to African nations last year were the highest in five years. Angola, Ethiopia, Egypt, Nigeria, and Kenya were the top borrowers. However, analysts noted that China’s economic slowdown has made Beijing more reluctant to disburse large sums. Additionally, China has resisted offering debt relief, even as some African nations struggle to repay their loans and are forced to cut spending on essential public services.
Critics accuse Beijing of burdening nations with debt and funding infrastructure projects that harm the environment. One controversial project in Kenya, a $5 billion railway funded by the Exim Bank of China, connects the capital Nairobi with the port city of Mombasa. However, the second phase, intended to extend the line to Uganda, never materialized as both countries struggled to repay their BRI debts.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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