Fidelity bank banner Camano banner
Beware of Chinese loans, U.S. tells African countries

By Aaron Maasho on 08/03/2018

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,797

•U.S. Secretary of State Rex Tillerson
•U.S. Secretary of State Rex Tillerson

U.S. Secretary of State Rex Tillerson said on Thursday that African countries should weigh Chinese loans carefully, while adding that Washington was not trying to keep Chinese investment away from the continent.

Tillerson, a former Exxon chief executive, is seeking to bolster security alliances on a continent increasingly turning to Beijing for aid and trade.

He may also seek to smooth relations after U.S. President Trump reportedly dismissed some African nations as “shithole countries” in January. Trump later denied making the comment.

“We are not in any way attempting to keep Chinese dollars from Africa,” Tillerson told a news conference in the Ethiopian capital during his first diplomatic trip to the continent. “(But) it is important that African countries carefully consider the terms of those agreements and not forfeit their sovereignty.”

He arrived in Ethiopia, Africa’s second most populous nation, on Wednesday and visited the African Union headquarters on Thursday. The complex was fully funded and built by China and is seen as a symbol of Beijing’s thrust for influence and access to the continent’s natural resources.

The top U.S. diplomat’s comments followed a speech earlier this week in which he criticised “China’s approach” to Africa which he said encouraged dependency through “opaque contracts” and “predatory loan practices”. (Reuters)

Source News Express

Posted 08/03/2018 2:13:59 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
ECOWAS Court dismisses suit against FG over alleged...

Challenges of democracy and role of CSOs

WBC: Alvarez dumps title to ease Golovkin talks...

Soldier shoots superior officer dead over cell phone...

PDP talks tough, says nothing can stop National...

No plan to tie Buhari’s hands —Jonathan •Orders...

Many killed as Boko Haram attacks Borno village...

We don’t need UN’s help to defeat Boko...

NGOs as a catalyst for entrepreneurial development and...

Air Force frustrates another Boko Haram attempt to...

Oduduwa University honours Sanusi, Okonjo-Iweala

Lassa fever kills 101 in 16 states, spreads...

 

Latest News NAF immortalises fighter-pilot Baba-Ari in Maiduguri Okowa, Na’Allah express shock over assassination of Badeh, call for arrest of perpetrators 50 Most Influential Young Ghanaians 2018 finalists announced World’s second-biggest-ever IPO flops US Senate passes Criminal Justice Reform Bill in bid to substantially decrease America’s prison population Gunmen ambush, kill Ex-Defence Chief Alex Badeh Court sacks Kashamu as Ogun PDP governorship candidate Army pulls out five Generals 2019: Any vote for Buhari means insecurity, killings, hunger, Dogara tells North East electorate Maiduguri residents angry over 24 hours electricity supply ‘How bank cashiers aided armed robbers to steal my N2m’ Ogonis go to the polls to elect new MOSOP leadership

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (431,411 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (395,703 views) Shameless Genevieve Nnaji exposes breasts in public (328,571 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (282,845 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (248,554 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (229,610 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (212,656 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (193,860 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (180,342 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (170,878 views) Lagos plane crash: Journalist releases victims’ names (167,679 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (154,099 views)

 

CBN banner Zenith Zero Balance First Bank chat banking

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (76) Business & Economy (3,894) Business Verdict (54) Columnists (974) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (575) Features (681) Global Business Monitor (313) International (2,845) Interview (167) Live Commentary (28) Love Matters (147) Maggie's Blog (79) News (41,569) Opinion (1,154) Pidgin (13) Politics (8,235) Religion (920) Sports (1,831) Stock Watch (36) AMA & Al Jazeera Global Update

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera