US warns Africa over Chinese loans

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The United States says African countries could lose sovereignty if they are not careful about the loans they receive from China.

US Secretary of State Rex Tillerson said on Thursday that African countries are also at risk of losing their resources or infrastructure.

Rex Tillerson

US Secretary of State Rex Tillerson

Speaking in Ethiopia, Tillerson advised African countries to “carefully consider the terms of those agreements and not forfeit their sovereignty.”

Tillerson said Chinese investments do not create jobs in African countries and a government that accepts a loan from China risks losing control of its own infrastructure or its own resources.

He however claimed that the US is not trying to stop African countries from receiving money from China.

The United States is the leading aid donor to Africa but China surpassed it as a trade partner in 2009. Beijing has pumped billions into infrastructure projects, though critics say the use of Chinese firms and labour undermines their value.

Malawi established ties with China in 2007 and the country has benefited from the relationship. Over the past 10 years, China has completed projects such as the Bingu Stadium, Malawi University of Science and Technology, Bingu Hotel and Malawi Parliament.

 

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17 Comments

  1. Shut up you pink nosed holier than thou creatures who are worse than the Chinese. You have wasted Africa for centuries while China has only come yesterday. If I hear from you again I swear I will give your skull to the ants to show how inferior you are. Tchupit

  2. Surely,China is doing all possible to win african countries, thats their main motive. American aids are more dangerous than the ones from china.

  3. I agree with US!The way China is attaching conditions to their loans, AND the BOT system thy are championing we will one day found ourselves btwn a rock and hard place!!

  4. Za nsanje basi!!! Bolanso loan ya china rather USA. Paja inu loan yanu imabwera pamodzi ndi homosexuality.
    Besides, you also own china alot nxawww!

  5. China 2019 iyimaso shupit who are US to warn us_look what their r doin ku kweza misonkho ngat akuzizimuka sho china

  6. That’s a blame shift game,let the hand that giveth be blessed,woka agulu la ku-klux,maka nganga wawo trump anathinyoza kwambiri,I quote,” Africa is a shit continent”,Alekeni maChina athandize basi,kaya azithidya nyama koma mbali ina akutithandidiza,kkkk

  7. Don’t mr Harry about loans they will give but will start u bcs u are taken them your back every time and go up down to lakes

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