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  1. #1
    Council Member davidbfpo's Avatar
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    Default Is China not so generous a friend and investor?

    Ho, hum China wonders where the money goes:
    The Chinese government is seeking the secondment of its officials to key Zimbabwe parastatals to ensure that Chinese loans for government projects are not lost to “leakages”, it emerged this week.A Chinese delegation was in Zimbabwe to lay the groundwork for the implementation of economic agreements signed in August by the two countries. There are now concerns from some government officials that the Chinese government is angling for a greater stake in, and control of, Zimbabwe’s natural resources and government entities before the agreements are implemented.


    Mugabe went to China seeking a $4-billion rescue package, but other than the memorandums of understanding, he came back empty- handed.
    The Chinese are also said to have been unhappy with Zimbabwe’s failure to repay previous loans. Sinosure, a leading Chinese insurance company, is reportedly refusing to guarantee loans from Chinese banks to Zimbabwean companies.
    By the end of last year, Zimbabwe’s interest on loans stood at $60-million, according to government officials.
    Link:http://mg.co.za/article/2015-01-23-c...-screws-on-zim
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    Council Member AdamG's Avatar
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    Addis Ababa — The Chinese-built 756 km electrified rail project connecting landlocked Ethiopia to Djibouti officially started commercial operations on Monday with a ceremony held in Ethiopia's capital Addis Ababa.
    Contracted by two Chinese companies, the first 320 km of the rail project from Sebeta to Mieso was carried out by the China Rail Engineering Corporation (CREC), while the remaining 436 km from Mieso to Djibouti port section was built by the China Civil Engineering Construction Corporation (CCECC).
    http://allafrica.com/stories/201801020364.html
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  3. #3
    Council Member AdamG's Avatar
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    I know just the man for the job....


    (CNN)Chinese personnel at the country's first overseas military base in Djibouti have been using lasers to interfere with US military aircraft at a nearby American base, activity that has resulted in injuries to US pilots and prompted the US to launch a formal diplomatic protest with Beijing, two military officials told CNN.

    The US issued a notice to airmen "to exercise caution when flying in certain areas in Djibouti," which "was issued due to lasers being directed at US aircraft on a small number of separate occasions over the last few weeks," according to the notice obtained by CNN.
    "During one incident, there were two minor eye injuries of aircrew flying in a C-130 that resulted from exposure to military-grade laser beams, which were reported to have originated from the nearby Chinese base," the notice said.
    https://www.cnn.com/2018/05/03/polit...ica/index.html
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    Council Member AdamG's Avatar
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    Buying African votes in the UN.

    China will write off any amount owed by indebted countries or developing nations, President Xi Jinping said. China is offering US$60 billion in financial support and a debt write-off to impoverished African nations- no strings attached, Chinese President Xi Jinping said Monday
    *
    The Chinese official laid out the extensive financial strategy to African leaders, with plans to invest US$5 billion in African exports, US$ 10 billion for "development financing" and US$15 billion in grants, interest-free loans, and concessional loans; a credit line of US$20 billion. Xi said their friendship was time-honored and that China's investment in Africa came with no political strings attached.
    https://www.telesurtv.net/english/ne...0903-0005.html

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  5. #5
    Council Member AdamG's Avatar
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    Double-tapped.
    Good multi-article-cited background piece -

    At a time when local fishermen in Somalia are struggling to compete with foreign vessels that are depleting fishing stocks, the government has granted 31 fishing licenses to China. Since assuming power last year, this is the first time that Somali president, Mohamed Abdullahi Farmajo has given fishing rights to foreigners, news site BBC reports.
    https://face2faceafrica.com/article/...ights-to-china
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    Council Member AdamG's Avatar
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    TAIPEI (Taiwan News) – China may be preparing to seize some major assets in the African nation of Kenya, as a result of debt-trap diplomacy. African media reports that Kenya may soon be forced to relinquish control of its largest and most lucrative port in Mombasa to Chinese control.

    Other assets related to the inland shipment of goods from the port, including the Inland Container Depot in Nairobi, and the Standard Gauge Railway (SGR), may also be compromised in the event of a Chinese port takeover.

    Kenya has reportedly taken extremely large loans from the Communist government for the development of some major highways, and especially for the SGR, which forms a crucial transport link to and from Nairobi for the import and export of goods through Mombasa.

    In November, Moody’s noted that Kenya is at high risk of losing strategic assets because of debts owed to Beijing. Local media began to express concern that Chinese lenders may be angling to seize assets, since it does not appear the Kenyan government will be capable to repaying the loans.

    https://www.taiwannews.com.tw/en/new...CtLiUwTYLGnCbQ
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  7. #7
    Council Member davidbfpo's Avatar
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    Default Is this why Djibouti is important to China?

    Thanks to a photo essay in the RUSI Journal (behind a pay wall) on 'Climate Change and Djibouti' referring to the Chinese mining millions of tons of salt from Lac or Lake Assal - is that the reason for their commitment? Never seen this aspect being mentioned before.

    A quick search confirmed the Chinese mining. See:http://www.lukasspieker.com/blog/845...alt-lac-assal/ and:https://www.aljazeera.com/indepth/fe...203157690.html
    Last edited by davidbfpo; 06-01-2019 at 08:37 PM. Reason: 102,549v today
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