China’s investment strategy of throwing money at developing countries appears to have hit a snag in the Republic of Congo as the central African nation is seeking an International Monetary Fund bailout.
The IMF places conditions on its loans to force governments to take measures to boost their finances. It is only now that “Beijing is beginning to realise that problems can build up”, in particular after Venezuela defaulted. About one-third of the country’s debt is in Chinese hands, or about $2-billion, said the specialist in relations between China and Africa.
Source: News Formal (newsformal.com)
Hopefully it's not cancer causing factories they're investigating
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's vast investment in Africa hits a snag in CongoWhen the plunge of global oil prices in 2014 blew a hole in the Congolese government's finances, it was China that stepped in to help.
Source: ewnupdates - 🏆 30. / 53 Read more »
China's vast investment in Africa stutters in CongoChina's investment strategy of throwing money at developing countries appears to have hit a snag in the Republic of Congo. Investment...what are they investing? I need to read... The picture you use for illustration has nothing to do with Congo-Brazaville. This guy is Congo-Kinshasa Prime Minister Bruno Tshibala. Please try to be more precise on such thing as it's often misleading.
Source: eNCA - 🏆 49. / 51 Read more »
China’s vast investment in Africa hits a snag in CongoChina's investment strategy of throwing money at developing countries appears to have hit a snag in the Republic of Congo as the central African nation is seeking an IMF bailout. The picture you took for illustration is NOT for Congo-Brazsaville president instead it's for Congo-Kinshasa's one. Please pay attention to that when publishing stuff. Congo-Brazzaville boss is Denis Sassou Nguesso and that picture is of Felix Tshisekedi of DR-Congo.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
China's vast investment in Africa stutters in CongoChina's investment strategy of throwing money at developing countries appears to have hit a snag in the Republic of Congo. I hope they don't bring their cancer causing factories to Africa
Source: eNCA - 🏆 49. / 51 Read more »
Newsdeck: More than 50 dead in South Africa after heavy rainsMore than 50 people have been killed in southern and eastern parts of South Africa after heavy rains caused flooding and mudslides, authorities said. Why are we not making the connection to climate shocks, extreme weather conditions and climate change. TellTheTruth
Source: dailymaverick - 🏆 3. / 84 Read more »
Carlos Lopes: ‘Africa needs its own green new deal’ | News | Africa | M&GOne of Africa's most influential economists says that most analysts get Africa totally wrong — and that the economic picture is much better than we think.
Source: mailandguardian - 🏆 2. / 92 Read more »
Nigerian artists Mr Eazi and Asa to headline Africa Day celebrations in JoziNigerian artists Mr Eazi and Asa to headline Africa Day celebrations in Jozi (via MoveMag )
Source: Channel24 - 🏆 48. / 51 Read more »
BUSINESS MAVERICK: China, South Africa and the middle-income trapChina and South Africa seem so distant and so different. Chinese economic growth has been fabulous; over the past decade, South Africa’s has been miserable. China is enormous; SA is small… and so on. But in one singular respect, China and South Africa are similar — they may be both caught in the middle-income trap. If there is such a thing.
Source: dailymaverick - 🏆 3. / 84 Read more »
Africa tops CNN list of top world beauty spotsUganda’s Bwindi Impenetrable Forest has been ranked as the world’s most beautiful place.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
MASS APPEAL: Chef John Moatshe puts Africa on a plate for the worldAs executive chef at Durban’s International Convention Centre, John Moatshe – an innovative developer of nouvelle African cuisine – leads a team who serve up hundreds of thousands of meals a year. The Polokwane-born chef has cooked for presidents and royalty. He is as influential as he is humble.
Source: dailymaverick - 🏆 3. / 84 Read more »
SA's call for world to lift Zim sanctionsThe South African government has stepped up its campaign to have international sanctions against Zimbabwe lifted in an effort to halt the flow of Zimbabwean migrants to SA.
Source: SundayTimesZA - 🏆 47. / 51 Read more »