Sub-Saharan Africa risks losing strategic assets to China


Global credit rating firm Moody’s has issued a warning to sub-Saharan Africa concerning the risk of losing strategic state assets to China.

China’s financial influence on Africa cannot be understated. In the last 18 years, China has pumped more than $124 billion into the continent. These funds, which arrive on African soil in the form of loan agreements, capital or large-scale infrastructure projects, have the propensity to enhance the growth of developing economies.

Naturally, embattled African nations see China as a strong economic and political ally. As such, bilateral relations between China and African countries have strengthened significantly over the last decade.

Yet, concerns regarding undue political influence and resource management have…

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