Top 10 African countries sweating with China debt: Kenya on it's knees!
One hundred sixty-five countries owe a total of $385 billion in "hidden debts" to China by participating in belt-and-road initiatives (BRI), a study found, with 42 poorer countries owing debt exceeding 10 percent of their individual GDP.
Over the last decade or so, the Asian behemoth has been involved in several multi-billion shilling projects, amid reports of kickbacks, a lack of accountability to a certain level, and high interest rates.
China African debt has increased overtime and this is starting to scare host countries thinking that their facilities could soon be taken over by China.
#Chinadebt #Africandebt #ChinaAfricadebt
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