New African Railways Ride on Chinese Loans - News Summed Up

New African Railways Ride on Chinese Loans


Kenya railway line almost doneIt is the latest in China's massive infrastructure investment in Africa. Other railway lines are planned to stretch into East African countries including South Sudan, Uganda, Rwanda and Burundi. China eyes African portsExperts say Chinese infrastructure investment in Africa is not about altruism. Funding railways benefits China by connecting ports and facilitating the movement of raw commodities that are badly needed to fuel China's development. There are concerns about the ability of African nations to pay back these loans, researchers found.


Source: Ethiopian News January 25, 2017 02:19 UTC



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