denel
PROFESSIONAL
- Joined
- Jul 12, 2013
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I suggest you take a trip to Zambia first before you write. For example - high degree of criminality across the board - illegal timber, fake documentation on copper purity and paying off corrupt officials - i can go on and on.Zambia owes China 3 billion, 25% of its external debt. Another 3 billion is in Eurobonds with 10% interests. While Zambia is rich in resources, the western mining companies operating its mines are exempted from tax at IMF's "recommendation". Yet, its China's fault that Zambia cannot service its debt.
Chinese are in Africa for business. If any Africa nation doesn't want those business, they can ask the Chinese to leave anytime. China is not going to launch an invasion, stage a coupe, or instigate a color revolution to gain control of their country.
The only good thing the Old Chinese did and I mean with deepest respect to the Chinese Govt of that time which was not clouded by greed/profit was TAZARA. This was their first ever project in Africa. I have gone on this train several times.
Other countries are waking up and Ghana being most present to take a very hard line to all the dealing; - illegal gold mining, Botswana already told them where the ceiling was as they pay for work done on equal footing; Tanzania is reviewing everything related to chinese and paying for efforts.
We cannot be replacing one colonial mindset with another.
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