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Tag Archives: financing

[PODCAST] Africa needs infrastructure, China wants to build it. So what’s the problem?

Africa faces a severe infrastructure crisis. Roads, ports, airports, hospitals and telecommunications are all needed to generate the economic growth necessary to support a population that is expected to double by 2050. But that kind of investment doesn’t come cheap. It’s estimated that over the next ten years Africa will need to spend around $100 billion a year — an unattainably high figure for ... Read More »

[PODCAST] Chinese debt in Africa: how much is too much?

African countries are once again binging on foreign debt. Across the continent, external debt has risen sharply, by almost 50% since 2010 according to data from the World Bank, to an estimated 416 billion dollars. Unlike 20–30 years ago when Africa turned to the west for cash, today China is the creditor of choice. The Chinese are shelling out massive ... Read More »