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Is Africa getting into a ‘debt trap’ with China?

Is Africa getting into a ‘debt trap’ with China?

China is Africa’s largest trading partner and has already spent tens of billions of dollars in investment and loans – with the promise of much more to come.

From roads and railways to ports, the Chinese government is backing large-scale projects across Africa as part of its so-called Belt and Road initiative.

The leaders of more than 50 African countries have been in Beijing for a two-day summit.

China’s President Xi Jinping offered $60bn in new financing deals. But what are the long-term financial risks?

Presenter: Laura Kyle

Guests:

Dan Wang – Economist Intelligence Unit analyst

Lahcen Haddad – Morocco’s former tourism minister and MP

Aly-Khan Satchu – CEO of investment advisory firm Rich Management Ltd

Source: Al Jazeera News








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