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China Is Not Trapping Africa In Debt- Foreign Minister

China Is Not Trapping Africa In Debt- Foreign Minister

China’s Foreign Minister Wang Yi on Thursday rejected suggestions that Beijing was luring African countries into debt traps by offering them massive loans, dismissing the idea as a “narrative” pushed by opponents to poverty reduction. CHANNELS reports.

In Minister Yi’s words: “That is simply not a fact. It is speculation being played out by some with ulterior motives,” he told reporters in the Kenyan port city of Mombasa. jamb results

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“This is a narrative that has been created by those who do not want to see development in Africa. If there is any trap, it is about poverty and underdevelopment,” he said, speaking through an interpreter”. Information Guide Nigeria

China is Kenya’s second-largest lender after the World Bank and has funded a number of costly infrastructure projects that have raised concerns about Nairobi taking on more debt than it can afford.

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Essien, Goodnews is a gruaduate of Communication Arts, University of Uyo, Uyo; Currently working at Infoguide Media as a news writer.

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