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Experts say Chinese financial support boosting Africa's growth, not debt burden

2019-04-18 10:28
Xinhua

The financial support China has been extending to African countries has propelled their socio-economic transformation as opposed to worsening their debt burden.

Leaders, experts, scholars and think tanks in Kenya and across Africa have said loans and grants from China have sustained Africa's growth momentum without placing burden on taxpayers.

Peter Kagwanja, the chief executive officer of Africa Policy Institute, said Chinese financial support to Africa which is advanced on friendly terms has provided answer to the continent's endemic challenges like poverty, disease, and infrastructure bottlenecks and skills gap.

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