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Comment: RE: Africa - China relations

Kofi Kotoko
2018-09-12 19:09:08

Borrowing to finance infrastructure is good but it is foolhardy to enter into a loan agreement without a good repayment strategy. Then again, who's auditing these huge loans to ensure they are not misappropriated? I can bet 10 years from now, Africa will be saddled in debts with very little infrastructure to show for it. What then becomes of the debt? More pillaging of resources with its attendant environmental issues.
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Kofi Kotoko on 09-12 19:09
RE: Africa - China relations