Monday, November 12, 2018

China May Sell African Infrastructure Debt To Investors

The East African published on 5 November 2018 an article titled "China Plans To Sell Off Its African Infrastructure Debt To Investors" by Zacharias Abubeker.

As African countries experience increasing difficulties in meeting their loan payments, the Hong Kong Mortgage Corporation is looking at buying a diverse basket of China's infrastructure loans next year and repackaging them into securities for sale to investors. The article points out there may be downsides if African countries become mired in additional debt.