- CONSTRUCTION OF FIRST NUCLEAR POWER PLANT TO BEGIN IN KENYA
- RWANDA GOVT. APPROVED US$52MILLION FOR EXPANSION OF KARENGE TREATMENT PLANT
- SOUTH AFRICA SIU SET TO PROBE CONSTRUCTION OF TREATMENT PROJECT
- GOVERNMENT PRIORITISING INVESTMENT IN INFRASTRUCTURE FOR ECONOMIC GROWTH - DEPUTY PRESIDENT, PAUL MASHATILE, AT THE UNESCO 9TH AFRICA ENGINEERING WEEK
- TANZANIA GOVT. SIGN DEAL WORTH 276BILLION FOR TACTIC PROJECTS
HOW CHINA EXPENSIVE BET ON AFRICA HAS FAILED
As the novel pandemic keeps spreading, China’s commercial activities in Africa has seriously been affected.
The prospects for China-funded projects look bleak as the prices of oil, copper and minerals found in Africa have plunged in the global economic meltdown. China is now facing growing pressure to forgive the tens of billions of dollars of loans it has made to African countries since the early 2000s.
The plan to lure African nation into a so-called debt trap has come at the worst possible time. With the corona virus outbreak now in Africa, Beijing must realize that it is unlikely to recover most of its sunken investments or loans because of the economic impact of the virus on Africa and should look for an exist strategy.
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