China’s epic investment in the African continent raises eyebrows across the West and numerous voices who are quick to criticise the Asia powerhouse’s intentions. China is trying to muscle in on Africa’s natural resources, tie its countries up with dodgy loan
China Merchant Group (CMG) says it plans are in motion to turn the Port of Djibouti into the “Shekou of East Africa”.
China’s growing interest in all things African is well documented. It’s not just Chinese money flowing into Africa, though – more than a million Chinese migrants have moved to African nations over the last few decades. After building Chinatowns in Kenya, Nigeria
Djibouti and China are teaming up to build global trade routes, including a $7bn free trade zone (FTZ) – set to be the largest in Africa.
The Word Bank has warned Kenya that its growing intake of Chinese loans could put the nation’s economy at risk.
The Chinese government has moved to ease fears over its first overseas naval base, established in Djibouti, following international concern.
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