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https://www.africanews.com/2024/01/3...ent-of-africa/
We'll have to see if this actually ends up being "non-predatory"....Quote:
Italian Premier Giorgia Meloni on Monday unveiled Italy's big development plan for Africa at a summit of the continent's leaders, aiming to stem the numbers of migrants, diversify sources of energy and forge a new, non-predatory relationship between Europe and Africa.
5.5 billion Euros...small potatoes to keep racist Italians tame; compared to the $70 billion plus loans African countries have received from China. Angola alone has received staggering sums, while the whereabouts of its own oil revenues has been something of a professional mystery for more than a decade, given that 'transparent' accounting in Sonangol translates into the song 'Somewhere, there's a place, somewhere' -as in any Bank offshore.Quote:
Originally Posted by MrFanti
What happens when it is time to pay back those loans?
As Chinese Loans Come Due, African Borrowers Face Economic ‘Midnight’ - Africa Defense Forum (adf-magazine.com)
Research: Chinese Loans to Africa — China Africa Research Initiative (sais-cari.org)
The roll call of the countries in debt to China. Makes Trump look like an amateur. I guess even if you added up all the debts he has incurred since daddy died, he would not match this lot.
With the key question: will China ever get the money back?
These countries owe China billions. Some are struggling to pay (yahoo.com)