Chinese state institutions, private banks have given African govts $143b in loans in the past 17 years. The region’s economies are now spending almost eight per cent of their revenues to service these loans.
Latest data from the China-Africa Research Initiative (Cari) shows Ethiopia owes Beijing $13.73 billion, followed by Kenya at $9.8 billion. Uganda owes $2.96 billion and Tanzania $2.34 billion.
Full article: The EastAfrican