Concern over China’s role in Africa ‘hullabaloo,’ says AfDB Head


Concern about the abundance of Chinese lending to African nations is overblown, and the country is a good development partner for the world’s poorest continent, says the head of the African Development Bank.

China this year surpassed the US and former colonial powers in Europe as the biggest source of funding to African nations.

In 2015, Africa received $12bn in loans from China compared with $100m in 2000. Still, critics have warned against African countries – like Zambia – becoming over-indebted or swapping future output of commodities in exchange for funds on overly favourable terms.

“Africa should not be afraid of China, its a very good learning experience for Africa, lifting 400 million people out of poverty,” Akinwumi Adesina, the AfDB head, said late on Tuesday in Johannesburg.

“African…

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