The chinese have been a round african for quite a number of years. Nown thi've had various incarlations there. They're very much, they write now in a commercial and in a fiscal sense. But the question when it comes down to the chinese is the inducement that they put forward to get cac to sign up to basically a regime of indebtedness. The scale of chinese investment can be such that western lenders can't really match. What's going on in sambe, you have the new international airport was built by the chinese. And has trid this, not only in zambia, but in other countries in asia, for instance
Between 2007 and 2020, China invested $23 billion into infrastructure for nations across Africa, $8 billion more than the other top eight lenders combined. But in its pursuit of energy security and raw materials the Chinese government and Chinese companies have locked resource-rich African states into loans and contracts which could start to squeeze them hard in ten or so years’ time. Is Chinese investment good for Africa? Joining us to debate the question is Dr Nkosana Moyo, former Vice President and Chief Operating Officer of the African Development Bank and former Minister of Industry and International Trade for Zimbabwe. We also are joined by Stephen Chan OBE, Professor of World Politics at SOAS University of London. Hosting the discussion is the historian, author and broadcaster, Rana Mitter.
Learn more about your ad choices. Visit podcastchoices.com/adchoices