Tuesday, March 10, 2020

China Is Pulling Back from East African Railway Financing

The ChinAfrica Project posted on 10 March 2020 an article titled "Why East Africa's Next Railways Won't be Built with Chinese Money" by Eric Olander.

China has turned down requests by Uganda and Kenya to finance railway construction in their respective countries, stating that the projects are not financially viable. As concerns in Africa increase over debt, China is taking a closer look at the projects that it agrees to finance.