Monday, June 10, 2019

Ethiopia and Kenya Struggle to Pay Off Chinese Railway Loans

Quartz Africa posted on 4 June 2019 an article titled "Ethiopia and Kenya Are Struggling To Manage Debt for Their Chinese-built Railways" by Yunnan Chen.

China has financed new standard gauge railways in both Ethiopia and Kenya. While both of them have significantly improved the transportation infrastructure, their economic success is not guaranteed and both countries are struggling with loan repayments.

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