Africa’s debt mounting at hand of China
Over the years, one of the greatest problems on the African continent is the huge amount of debt burdening many countries there. This has adversely affected the ability of some countries to provide things like infrastructure, education and health care to their citizens because most monies go towards servicing debt.
A big push has happened recently to get the debt of African nations forgiven so that they may “get back on track”, so to speak.
Well, it appears that China’s influence and money may threaten these efforts. China has started to aggressively lend to many poor African countries. As a result, other rich nations are concerned. China is looking to lock up oil and mineral rights throughout the continent and does so without any real concern for the issues of human rights. For example, China has oil dealings with the Sudan, a country in which at least 200,000 people have been killed in a genocide.
Once again, Africans find themselves exploited for their resources. I fear that this does not bode well for their countries.
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