Beijing offers Africa $40b as it denies creating debt trap
President Uhuru Kenyatta and Mr Wang Yi, China’s State Counsellor and Minister for Foreign Affairs, tour the new offshore Kipevu Oil Terminal in Mombasa. PHOTO | PSCU
China has promised $40 billion in financing Africa economic growth this year as it defends itself from claims that its lending of money to Africa is creating a debt trap.
Beijing has said Africa should be a big stage for international co-operation rather than an arena for games between superpowers.
