Thu, 08 Mar 2018 14:04 - Updated Thu, 08 Mar 2018 14:04
U.S.' Tillerson says African countries should weigh Chinese loans carefully
ADDIS ABABA - 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.
Send by email
To share this news by email, fill out the information below and click Send
To report errors in the texts of articles published, fill out the information below and click Send
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 eijing’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”.
- 05/03/2018 13:26:03
CAIRO/RIYADH - Saudi Arabia and Egypt set up a $10 billion joint fund on Sunday to develop a planned mega-city, committing more than 1,000 square kilometers in the south Sinai, as Crown Prince Mohammed bin Salman met President Abdel Fattah al-Sisi in Cairo.
- 01/03/2018 13:14:51
CAPE TOWN - South African President Cyril Ramaphosa said on Thursday he wants talks on the thorny topic of land expropriation to avoid panic but aims to resolve the issue of racial disparities in property ownership “once and for all”.
- 27/02/2018 12:46:17
TUNIS- Algerian Energy Minister Mustapha Guitouni said on Tuesday that oil producers are seeking market stability and would meet in Riyadh in April to discuss ongoing efforts to curb output to support prices.