Tanzania Suspends $10 Billion Port Project in New Blow to China’s Belt and Road

0
540
Tanzania Suspends $10 Billion Port Project in New Blow to China’s Belt and Road
Tanzania Suspends $10 Billion Port Project in New Blow to China’s Belt and Road

Tanzania has suspended a $10 billion port project given unfair financial conditions in the biggest blow yet to China’s Belt and Road ambitions in Africa.

The port, to be built in Bagamoyo and operated by China Merchants Holding International,
would have been the largest in East Africa, dwarfing the Mombasa port in neighbouring Kenya. Plans also included an industrial zone, with rail and road links to a new region for oil and gas exploration. In Africa, other projects have also come under scrutiny, including massive rail construction projects in Ethiopia and Kenya saddling those countries with debt and forcing China to write off debt.

China suffered another setback yesterday after a court in Kenya halted plans for the construction of a $2 billion Chinese-backed coal power plant near the island town of Lamu, a UNESCO World Heritage site.

CENTER FOR AFRICAN STUDIES

Center for Africa Studies (AFRAM) which located in Ankara, is an organization facilitating under the administration of African Affairs Council (AFAC). It makes various researches about Africa to enhance economic and cultural bounds between Africa and Turkey. AFRAM’s publishings has been shared with different institutions as they require to obtain.

AFRICA OBSERVATORY

Africa Observatory is one the publishing of AFRAM and it has been published each two weeks. It has been delivered to different institutions via e-mail.



Photo Source