Browsing: china africa debt

Digital development on Vice President Kamala Harris’ agendas as US data giant Starlink looks to set up shop in Tanzania. AGOA remains a touchy agenda as China and Russia increase trade investment across Africa. Photo/WTSP

Significance of US VP visit to three African countries

Countries
  • US President Biden supports an African permanent seat on the UN Security Council.
  • Vice President Harris’ visit to pave way for Biden Africa tour later this year
  • US increased investment in Africa,still lags behind China

The United States Vice President Kamala Harris is expected to land in Africa this week where she will tour at least three countries. Her itinerary includes Ghana on March 26, then Tanzania on March 29, and finally Zambia on March 31.

This trip paves the way for the even more anticipated visit by President Joe Biden, as promised at the US-Africa Summit held in Washington in December 2022.

A little over a decade ago, former US president Barack Obama showed America’s commitment to Africa’s growth through wide-ranging programmes and initiatives that aimed at cementing the US-Africa relations. But Donald Trump’s lukewarm relationship with Africa and the continuous rise of China’s influence has made the US …

The US is pushing for friend-shoring pacts with Asia and Africa looking for more commitment in deal.

Russia and China trigger a new scramble for Africa

Africa

Ahead of the US-Africa Summit in December, the Russia-Africa Summit next year and as new geopolitical alliances form, Africa is under great pressure to take sides.

China is increasingly becoming a strong economic powerhouse while Russia is making its own stand. The West finds itself reliving history, scrambling for portions of Africa.

This summer was most fulfilling for me, not because the Earth’s revolution had finally brought the sun to shine on my part of the World, I live in Tanzania, East Africa, its spring and summer all year around.

  • Africa is under increasing pressure to take sides in new global alliances
  • Africa wants an economic proposal in the upcoming US-Africa Summit
  • 2022 witnessed the highest number of diplomats & presidents visiting Africa

No, it was not the weather, the reason my summer was most memorable is that my daughter came to visit from the US. We had excellent family …

Ibadan Standard Gauge Railway construction undertaken by the Chinese -The Exchange

Nigeria, follows Kenya in railway crisis with China

Nigeria

Across the continent to West Africa where we find one of Africa’s largest economies, Nigeria. Here we find another railway deal gone bad, the $500 million Lagos – Ibadan railway.

In a similar manner to Kenya’s SGR debacle with China, which resulted in Kenya sinking heavily into debt that it simply cannot afford to pay and restructure, Nigeria is now finding a similar fate.

According to the country’s Director General for Nigeria’s Debt Management Office (DMO) Patience Oniha, when making a deal with China, ‘…the Chinese determine the cost of projects, give us loans tied to the projects and the projects must be executed by Chinese firms alone.’

It is alleged that not only does China force importation of even the smallest of laborers but also all the equipment and guess where they are imported from? Yes, China.

It is further argued that by so doing, China is using these …