homealone00:
like for real? Did you check no. 8 ?

lagdmark:

Demented you read, you see, and you forget everything

Jaguntemmy:
Well at least we are not the number 1

enemyofprogress:
Thank God Nigeria is not one of them

MrRichmond:
The white have colonized us, now it's time for the Asians.

The same way our ancestors were sold out by their Kings is the same way our politicians are selling us to the Chinese.

In a few years time, half of Africa will be speaking Chinese.

YorubaAssasin:


Mediocrity at best!

themosthigh:
I know that in a few years time, most of Africa will be a barren indebted wasteland. Our leaders know this and just collect money from anyone knowing fully well that they can’t pay back. They use this money to invest abroad, send their children there to become citizens while other people’s kids remain in Nigeria. Most children of are leaders have dual citizenships. Most have houses in rich countries. If you can, migrate now or you will be one of those who will be suffering in the future.

MrRichmond:
The white have colonized us, now it's time for the Asians.

The same way our ancestors were sold out by their Kings is the same way our politicians are selling us to the Chinese.

In a few years time, half of Africa will be speaking Chinese.

Talkwell:
Over the years, China has become one of the biggest African trade partners. The Chinese have invested billions of dollars into the African continent in form of debts given to these countries.
Below is a list of the top ten African countries with the largest Chinese debt:

1. Angola
Angola is the most indebted African country to China. It has an estimated debt of over US$25 billion. Shocking, but that’s the reality at hand. Most of Angolan oil is going towards the repayment of Chinese debts, despite Angola being the second largest producer of oil in Africa.

2. Ethiopia
All those Chinese infrastructural development projects in the East African country are coming at a heavy price. Ethiopia has an estimated debt of US$13.5 billion. The debt levels have slowed down some projects due to repayment issues, but there is now a new structure for these debts that makes it a little bit affordable for Ethiopia to repay.

3. Kenya
Even after the discovery of oil in the northern part of the country, nothing in essence is working towards cutting down the levels of debt to China. Kenya has an estimated debt of US$7.9 billion. The country has been taking money to facilitate the fruition of its infrastructural projects. But as lack of transparency and accountability come into play, a lot of money has been lost to corruption.

4. The Republic of Congo
Congo, which may be popularly known as Congo-Brazzaville, has an estimated debt of US$7.3 billion. Again, corruption has played a major role in ballooning the debt to such egregious levels.

5. North Sudan
The conflict-torn country has an estimated debt of over US$6.4 billion. Although China has written off the country’s debt incurred in 2015, it still has a long way to go.

6. Zambia
Zambia is increasingly getting mired in the tentacles of Chinese debt. The Chinese have sponsored a lot of projects in the country. The country has an estimated debt of US$6 billion. China is taking Zambian firms as part of repayment plans, and there were reports that ZESCO, the national power utility, was being taken over by China, even ZNBC, the country’s national broadcaster.

7. Cameroon
Cameroon has an estimated debt of US$5.5 billion. However, it was recently revealed that China was in talks to cancel part of the country’s debt. But with China, nothing is so certain.

8. Nigeria
The West African country has an estimated debt of US$4.8 billion. Nigeria has accepted the Chinese yuan as a reserve currency.

9. Ghana
Ghana stands at number 9 with an estimated debt of US$3.5 billion. The country’s opposition has involved the IMF to help look into the country’s debt

10. The Democratic Republic of Congo (DRC)
The DRC could easily be one of the richest countries in the world considering how it is abundantly endowed with precious natural resources and minerals. However, plundering of these resources has set the country back, including unending conflict. It has an estimated debt of US$3.4 billion. DRC was quick to exchange mineral resources for loans with China.



https://www.smokedscreen.com/2019/02/10-african-countries-with-the-highest-debt-to-china/

stagger:
Angola I can understand. They had a civil war from 1975 to 2003 or thereabout. 28 years civil conflict and the devastation it brings is not a joke.

enemyofprogress:
it's Niger and not Nigeria, go back and check again

shogz89:
africa is owing just one country almost 90billion..

and they say two heads are better than one

homealone00:
if you no see am now, your case is beyond help.

8. Nigeria
The West African country has an estimated debt of US$4.8 billion. Nigeria has accepted the Chinese yuan as a reserve currency.

enemyofprogress:
Thank God Nigeria is not one of them

Esseite:
Nigeria owes China $4.8bn, meanwhile total investment inflow into Nigeria in 2018 excluding Treasury bills and bonds sales which is debt is $4.7bn.

Moreover this is excluding the $10.5bn borrowed via treasury bill/bonds sales, which would be paid with interest at 10% interest rate on maturity.

Are you moving forward or backward?...

ajayiopy:

DID YOU READ THE STUFF AT ALL?

[/quote][/color][quote author=Esseite post=75692725]Nigeria owes China $4.8bn, meanwhile total investment inflow into Nigeria in 2018 excluding Treasury bills and bonds sales which is debt is $4.7bn.
[color=#990000][color=#990000][/color]
Moreover this is excluding the $10.5bn borrowed via treasury bill/bonds sales, which would be paid with interest at 10% interest rate on maturity.

Are you moving forward or backward?...

enemyofprogress:
Thank God Nigeria is not one of them

enemyofprogress:
Thank God Nigeria is not one of them

dreamwords:

Come let me give your injection and tablets, you are not OK. That is Niger and not nigeria

enemyofprogress:
Thank God Nigeria is not one of them

Speedo17:
Studying Chinese Technological and Economic Strategies will help us to avoid their incursion into our Economy.