Tuesday, April 30, 2019

Chinese Loans and East Africa

Kenya's The East African published on 27 April 2019 a piece titled "Editorial: Is the Well of Chinese Credit Really Bottomless?"

The editorial concludes that the dilemma of Chinese debt will only be resolved if the parties take a more critical look at how debt generates new value to support repayment.

Kenya's Daily Nation published on 26 April 2019 a similar editorial titled "SGR: Kenya Must Tame Its Appetite for Loans."

Referencing China's loans for railway projects, it concludes that Kenya must tame its appetite for loans and rethink its infrastructure development model.