Djibouti has signed a preliminary deal for a $4bn gas project with Chinese firm POLY-GCL Petroleum Group Holdings Ltd.
A lot of questions have been asked about China’s rapid investment in African nations over the last two decades. Western powers are sceptical about the intentions of China and quick to speculate the potential dangers of Africa becoming too reliant
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”.
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 World Bank has warned Tanzania against becoming over-reliant on Chinese investment as the country seeks to continue its economic growth.
There’s some strong discourse coming out of “Western” powers – most notably the US – over China’s growing investment in African nations. There are various angles being thrown about too: the dangers of Chinese expansion across the world, the threat
The Word Bank has warned Kenya that its growing intake of Chinese loans could put the nation’s economy at risk.