Italy unveils its plan for the development of Africa

[MrFanti]

https://www.africanews.com/2024/01/30/italy-unveils-its-plan-for-the-development-of-africa/


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.

We'll have to see if this actually ends up being "non-predatory"....

[Stavros]

https://www.africanews.com/2024/01/30/italy-unveils-its-plan-for-the-development-of-africa/



We'll have to see if this actually ends up being "non-predatory"....

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.

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) (https://adf-magazine.com/2023/06/as-chinese-loans-come-due-african-borrowers-face-economic-midnight/)

Research: Chinese Loans to Africa — China Africa Research Initiative (sais-cari.org) (https://www.sais-cari.org/research-chinese-loans-to-africa)

[Stavros]

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) (https://uk.finance.yahoo.com/news/countries-owe-china-billions-struggling-130000651.html)