‘Weaponizing capital’: US worries over China’s expanding role in Africa

The port is partly owned by China’s state-owned China Merchants Port Holdings, which maintains a 23.5% stake. It is also located immediately adjacent to China’s only overseas military base, on the west bank of the Gulf of Aden and the southern entrance to the Red Sea, close to the Suez Canal.

The Djibouti government relies heavily on investment capital from China and the two countries maintain close diplomatic ties.

On Tuesday, the future of the port dominated discussions during a hearing of the US House Armed Services Committee, with one senior US general warning that the US military could face “significant” consequences should China take control of the port.

Marine Gen. Thomas Waldhauser, the US’ top military commander in Africa, said Chinese control of the port could result in restrictions…

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