10 most indebted African countries to china

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10 most indebted African countries to china

Postby African » 9th November 2018, 00:22

Dear Zambia,

I tried to copy and paste an article detailing the top ten African countries with massive debts to china but this website censored the article as spam.

Surprise! Surprise!

Perhaps it's because Zambia is number six on that list and this Zambian government controlled website wants to sweep the facts under the reed mat. under the mphasa
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African
 

Re: 10 most indebted African countries to china

Postby African » 9th November 2018, 02:07

1. Angola
Angola is the most indebted African country to China. It has an estimated debt of over US$25 billion. Shocking, but that's the reality at hand. Most of Angolan oil is going towards the repayment of Chinese debts, despite Angola being the second largest producer of oil in Africa.
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African
 

Re: 10 most indebted African countries to china

Postby African » 9th November 2018, 02:08

2. Ethiopia
All those Chinese infrastructural development projects in the East African country are coming at a heavy price. Ethiopia has an estimated debt of US$13.5 billion. The debt levels have slowed down some projects due to repayment issues, but there is now a new structure for these debts that makes it a little bit affordable for Ethiopia to repay.

3. Kenya
Even after the discovery of oil in the northern part of the country, nothing in essence is working towards cutting down the levels of debt to China. Kenya has an estimated debt of US$7.9 billion. The country has been taking money to facilitate the fruition of its infrastructural projects. But as lack of transparency and accountability come into play, a lot of money has been lost to corruption.
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African
 

Re: 10 most indebted African countries to china

Postby African » 9th November 2018, 02:10

4. The Republic of Congo
Congo, which may be popularly known as Congo-Brazzaville, has an estimated debt of US$7.3 billion. Again, corruption has played a major role in ballooning the debt to such egregious levels.

5. North Sudan
The conflict-torn country has an estimated debt of over US$6.4 billion. Although China has written off the country's debt incurred in 2015, it still has a long way to go.
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African
 

Re: 10 most indebted African countries to china

Postby African » 9th November 2018, 02:11

6. Zambia
Zambia is increasingly getting mired in the tentacles of Chinese debt. The Chinese have sponsored a lot of projects in the country. The country has an estimated debt of US$6 billion. China is taking Zambian firms as part of repayment plans, and there were reports that ZESCO, the national power utility, was being taken over by China, even ZNBC, the country's national broadcaster.
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African
 

Re: 10 most indebted African countries to china

Postby African » 9th November 2018, 02:18

7. Cameroon
Cameroon has an estimated debt of US$5.5 billion. However, it was recently revealed that China was in talks to cancel part of the country's debt. But with China, nothing is so certain.

8. Nigeria
The West African country has an estimated debt of US$4.8 billion. Nigeria has accepted the Chinese yuan as a reserve currency.
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African
 

Re: 10 most indebted African countries to china

Postby African » 9th November 2018, 02:20

9. Ghana
Ghana stands at number 9 with an estimated debt of US$3.5 billion. The country's opposition has involved the IMF to help look into the country's debt
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African
 

Re: 10 most indebted African countries to china

Postby African » 9th November 2018, 02:28

10. The Democratic Republic of Congo (DRC)


(Something in the description is being censored as spam)
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African
 


Re: 10 most indebted African countries to china

Postby todate » 9th November 2018, 13:13

In Africa the chinese have discovered a new pawn. The chinese will exploit Africa and milk Her of Her wealth until there is nothing more to fučk
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todate
 

Re: 10 most indebted African countries to china

Postby Guest » 10th November 2018, 14:45

African wrote :
> Dear Zambia,
>
> I tried to copy and paste an article detailing the top ten African
> countries with massive debts to china but this website censored the article
> as spam.
>
> Surprise! Surprise!
>
> Perhaps it's because Zambia is number six on that list and this Zambian
> government controlled website wants to sweep the facts under the reed mat.
> under the mphasa
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Guest
 

Re: 10 most indebted African countries to china

Postby Guest » 16th November 2018, 10:27

[quote="African"]6. Zambia
Zambia is increasingly getting mired in the tentacles of Chinese debt. The Chinese have sponsored a lot of projects in the country. The country has an estimated debt of US$6 billion. China is taking Zambian firms as part of repayment plans, and there were reports that ZESCO, the national power utility, was being taken over by China, even ZNBC, the country's national broadcaster.[/quote]
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Guest
 


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