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China’s One Belt initiative could pile up Africa’s debt
Chinese workers put together a bridge on Mombasa - Nairobi standard gauge railway line. China has tied most of its financing to the use of Chinese firms in projects denying local firms opportunity. Photo | William Oeri
Last week, China announced a plan to build a vast global infrastructure network linking Africa, Asia, Europe and the Middle East into ‘One Belt, One Road’.
China plans to spend up to $3 trillion on infrastructure in an effort that seems to be centred more on linking 60 countries in the world with China, not necessarily each other.
