Aug 9, 2022

Mawazo Writing Africa

Writing about the main

Beijing offers Africa $40b as it denies creating debt trap

China pledged $ 40 billion to fund economic growth in Africa this year as it defends itself against claims that its lending to Africa creates a debt trap.

Beijing has said Africa should be a great stage for international cooperation and not for an arena for games between superpowers.

In a speech in Mombasa, China’s top diplomat Wang Yi said that those who had false information about China’s alleged trap of poor African countries Spreading debt, only trying to destroy the country’s relations with African states.

“This is a narrative, a so-called debt trap, created by some great nations, those who are driving developments in Africa don’t want to see. If there is a trap, it is poverty and underdevelopment. Those who spread the wrong narrative do not want to see Africa rise, “said Wang at the signing of six bilateral agreements between Kenya and China.

Bilateral assistance

The diplomat said China would work with other Africa-friendly countries to contribute to independent and sustainable development.

“Our commitment is to be Africa’s good friend and partner. Our bilateral relations have become a good example of solidarity, cooperation and common development between China and Africa. We will continue to support one another, “he added.

His visit to Eritrea and the Comoros comes at a time when Beijing is in the eye of the storm because of its” potential takeover ” . of major African infrastructure due to the multi-government debt crisis.

Healthy competition

“If there has to be competition, let’s fight who does more for Africa. Let’s fight to see who does more to contribute to Africa’s development, “said Wang.

” As a friend of Africa, China will never stand idle. The vaccines are delivered to every corner of Africa where there is a need. In the face of various political acts of power, China and Africa will defend international justice and fairness, “he added.

The Chinese official also held a meeting with President Uhuru Kenyatta where the two governments entered into” their “partnerships Trade and infrastructure. ”

In the talks, Kenya tried to export avocado and water products, while China intends to continue donating rice to the East African country for humanitarian aid.

The two countries signed six trade agreements and pledged to form a joint working group to address trade barriers and reduce trade imbalances.