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China-Africa relations: Beijing’s monetary assist leans in direction of grants, away from low-cost loans, white paper reveals – NEWPAPER24

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China-Africa relations: Beijing’s monetary assist leans in direction of grants, away from low-cost loans, white paper reveals

2021-01-16 22:00:18

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From Zimbabwe’s US$140 million six-storey parliament constructing to the US$200 million African Union headquarters in Addis Ababa, grandiose symbols of China’s monetary assist are popping up throughout Africa.In addition to paying for soccer stadiums and authorities buildings within the Republic of Congo, Lesotho, Mozambique and Sierra Leone, Beijing has funded presidential palaces to Togo, Sudan, Burundi and Guinea-Bissau amongst others by grants and interest-free loans.China says the tasks are meant to…

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