While massive Chinese overfishing is a serious threat to food security in Africa, the Chinese government seduced five African countries to take another huge loan. In trade for that, China will gain its farming rights. All in the name of food security.
To increase food security in Africa a 500 million dollar loan will be given to the African nations. In trade for that, the EXIM Bank gains all farming rights.
Debt Traps
Is this another debt trap or is this the loan Africa needs to develop it’s farming sector and to protect it’s food security?
The case is one of the examples of China’s ambitious use of loans and aid to gain influence around the world and of its willingness to play hardball to collect.
Neglected by the mainstream media
The mainstream media seems to be missing the extremely worrying tweets the Chinese Exim Bank is sending into the world the last months.
In another tweet, sent on 3 January this year the bank says it now owns all farming rights over Kenya, Uganda, Somalia, Rwanda & South Sudan.
The Chinese government has entered an agreement to loan out another 500 million dollar to the East African countries.
The Bank says they are giving out this loan in an effort to increase food production in East Africa. In trade for that the EXIM Bank gains all farming rights to protect its interests.
However, there is not much international media attention while the consequences of these loans are huge for the African continent and its people.
China is offering loan after loan to Africa and already is taking ports and airports form countries like Uganda and Mozambique.
In an effort to increase food production in East Africa, Exim Bank through the China government has entered an agreement to loan out $500 million to Kenya, Uganda, Somalia, Rwanda and South Sudan. The first five years will see the bank gain farming rights to protect its interests pic.twitter.com/ylQwObSzpm
— Exim Bank China (@EximBankChina) January 3, 2019
We will keep monitoring the Exim Bank to inform you.
Source: Green World Warriors
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