Tagged in: Debt

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China-Africa relations enter new era as easy money dries up

China has lent over $150bn to African countries in nearly two decades, but as concerns mount over repayment, the nature of the China-Africa relationship is set to change for good, writes David Thomas 

As the Chinese authorities scrambled to respond to Beijing’s first coronavirus outbreak in 50 days in mid-June, locking down residential compounds and sealing off a seafood market after at least 200 fell ill, an unruffled President Xi Jinping broadcast to African leaders to express solidarity in their own fight against the virus.  …

Has Africa learned its lesson on debt?

Thirteen years after the debt relief movement saw billions in unsustainable public borrowing written off by Western creditors, there are worrying signs that African economies could be lurching towards another crisis.…

Africa’s debt spree: Precursor to a new debt crisis?

As Ghana’s newly elected President Nana Akufo-Addo, draped in a splendid multi-coloured “kente” silk robe, took to the podium last December during his inauguration, the newly elected leader told the world that the West African country was “open for business again.”…