Projects failIndeed, sometimes the Chinese projects fail, forcing taxpayers to either dig deeper into their pockets or default and not lose opportunities for essential capital. Prof Samuel Nyandemo of the University of Nairobi’s School of Economics refers to China’s projects as debt trap diplomacy. “Extending loans for infrastructure projects is a good thing. During that year alone, Chinese debt tripled from Sh80 billion to Sh252 billion. ALSO READ: India skips China's Silk Road summit, warns of 'unsustainable' debtIn the last four years, Kenya has accumulated Sh276 billion debt from China.

Source: Standard Digital May 28, 2017 09:22 UTC