June 3, 2023


Passion For Business

As Africa Groans Under Debt, It Casts Wary Eye at China

JOHANNESBURG—With Africa’s most poverty-stricken economies pushing for personal debt aid as they wrestle with the fallout from the world wide coronavirus pandemic, a tussle is brewing among designed nations, personal buyers and the continent’s largest creditor: China.

Wealthy nations around the world from the U.S. to Japan—watching their very own economies lurch toward recession—are loath to forgive African personal debt if they believe the cash will indirectly help Chinese lenders, which includes the governing administration, banks and contractors. At the similar time, Beijing…