China s African take-over: Beijing has built infrastructure, lent billions and located its first overseas military base there - now top US general warns they want to built an Atlantic naval base
General Townsend, America s top brass in Africa, has warned China is seeking a new western naval base
The base, similar to one in Djibouti, would allow Beijing to project its military might into the Atlantic, he said
Any new base would be just the latest chapter in a decades-long effort by China to gain influence in Africa
Country has lent billions to African states while building roads, railways, ports, power stations, internet networks, government buildings in an effort to bring the continent under its sway
Chinese investment in Africa involves more than megaprojects Private enterprises also are making their mark
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
How China structures loans to become Africa s preferred lender — Quartz Africa
qz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from qz.com Daily Mail and Mail on Sunday newspapers.
ZEE5 News
Zambia’s debt: Future of Chinese loan
Lusaka [Zambia], March 30 (ANI): Zambia became the first coronavirus-era debt default African nation that has borrowed heavy loans from China in recent years to fund major infrastructure projects.
March 30, 2021
zeenews
Lusaka [Zambia], March 30 (ANI): Zambia became the first coronavirus-era debt default African nation that has borrowed heavy loans from China in recent years to fund major infrastructure projects.
China has provided billions of dollars of loans for infrastructure projects to a host of Sub-Saharan African nations as part of its sweeping Belt and Road Initiative (BRI) in recent years, with Zambia one of its most prominent debtors. Zambia owes over USD 3 billion to Chinese entities of a total of USD12 billion in external debts.