Illicit capital robbing Africa and its people of their future: UN trade and development chief
Every year an estimated 88.6 billion, which is equivalent to 3.7% of Africa’s GDP, leaves the continent in the form of illicit capital.
Every year an estimated 88.6 billion, which is equivalent to 3.7% of Africa’s GDP, leaves the continent in the form of illicit capital.
China has invested an estimated $11 billion in Sri Lanka, around $8 billion in the form of loans
Photo: Xinhua/Files
It is dubious that the Belt and Road Initiative is healthy for Kenya’s long-term development. People should pay close attention to the debt relation between China and Kenya, and above all should prioritize the treatment and welfare of Kenyan workers who are most directly affected by the two countries’ growing relationship.
Photo:PSCU
Both Sri Lanka and Maldives are the classical example of how small nations with limited resources can be victims of China’s “debt-trap policy” in their zeal to develop infrastructure in their respective countries
It is dubious that the Belt and Road Initiative is healthy for Kenya’s long-term development. People should pay close attention to the debt relation between China and Kenya, and above all should prioritize the treatment and welfare of Kenyan workers who are most directly affected by the two countries’ growing relationship.
Photo:PSCU