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Zimbabwe Gets China, India Loans to Boost Power Generation

Zimbabwe has obtained three separate loans of just over US$108,3 million from the Export-Import Bank of China and Export-Import Bank of India to be used for power generation projects and broadband expansion. Government tied a loan agreement with the Export-Import ...

A Chinese Perspective on the African “Debt Trap” Debate

Aside from the politicians who attended the Forum on China-Africa Cooperation summit in Beijing earlier this, seemingly few others were pleased to hear that China is providing Africa with another massive $60 billion package of loans and grants.

The Danger of Too Much Chinese Debt in Africa

The financial implosion in Venezuela is prompting growing concern in Beijing that China may have been too ambitious in its drive to loan billions of dollars to high-risk countries throughout the global south. Persistently low oil ...

Mugabe Critic: Zimbabwe's 'Old Friend' China Is Bleeding It Dry

Harare-based economist and columnist Vince Musewe doesn't mince words in his criticism of Zimbabwe's growing financial dependence. Beijing is 'bleeding Zimbabwe dry' through loans and Musewe says enough is enough. He is calling on Robert Mugabe's government to come clean and reveal the secret ...

The China-Africa Honeymoon Is Over

There is a growing sense among Africans and Chinese alike that their once heady romance is now entering a new, more pragmatic phase. Across Africa, people and politicians are becoming visibly more concerned about the surging trade deficits, massive loan debts, persistent labor rights ...
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