Beijing’s Tightening Grip: Reassessing China’s High-Stakes Debt Strategy in Africa
Djibouti, Djibouti — A decade after China’s big-ticket infrastructure spree swept across Africa, the shine is fading. Railways, highways, and ports still stand as symbols of ambition. But the debts behind them are now coming due.
From Djibouti to Nairobi and Addis Ababa, governments are rethinking their dependence on Chinese loans. And Beijing, once the continent’s biggest builder, is rethinking its own playbook.
For years, China was Africa’s largest bilateral lender, pumping more than $170 billion into projects…