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Africa+: Chinese Debt Trap In Africa Over the past two decades, China has built large infrastructure projects in almost every country in Africa, making Western powers uncomfortable amid wider concerns about Beijing’s investments across the continent. However, a deeper look shows that accusations of so-called debt trap diplomacy turn out to be unfounded.
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PoliticsEconomicsKenya Resumes China Debt Repayment With $761 MillionEast African nation still seeks extension of DSSI reliefDebt service costs seen surging 35% in year through JuneByDavid Herbling+FollowJuly 31, 2021, 2:38 PM UTCUpdated onAugust 1, 2021, 9:17 AM UTCSign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterKenya has resumed servicing loans owed to China after Beijing’s six-month debt-repayment suspension expired in June, piling pressure on the exchequer.
