Tanzania President John Magufuli has appealed to China to forgive some debt incurred by the East African nation.
Lawmakers in Kenya have approved government plans to increase the country’s debt ceiling.
Kenya, Tanzania and Uganda are all looking to revamp their old railway networks due to a lack of funding for a Chinese-backed network between East African nations.
Kenya’s Mombasa-Nairobi Standard Gauge Railway has proven very popular with travellers moving between the country’s capital and the coastal city on Mombasa. However, the real aim of the project was to boost trade freight heading from the Kenyan coast to
During the mid-1990s, most of Africa was frozen out of global economics entirely, due to crippling debts they simply couldn’t pay. Essentially bankrupt, more than 30 countries across the continent were tied down by overheads beyond their means and major