Tanzania, Kenya to miss out on China debt relief plan

Forum for Africa-China Cooperation.

African heads of state and government attend a past Forum for Africa-China Cooperation in Beijing. PHOTO | AFP

Tanzania could join Kenya on a list of countries that will be left out of the Chinese debt relief deal at the end of this year by virtue of their lower-middle-income status even as the East African nations grapple with a growing debt burden.

Chinese Foreign minister Wang Yi has announced that the world’s second-largest economy would forgive 23 matured interest-free loans for 17 undisclosed African nations that are classified as least developed countries (LDC).