Reformed J
VIP
Africa Starts to Have Second Thoughts About That Chinese Money
After years of borrowing on easy terms, many countries in the region are saddled with debt they can’t repay.
www.bloomberg.com
Zambia got pillaged, basically defaulted. Many other coutnries will as well. Nigeria, Kenya, Tanzania are all scared
“Nobody other than the government knows the terms,” he says. The government says it didn’t need parliamentary approval.