AT: All that good P.R. China got for its “one belt, one road” infrastructure-building in third world countries – so much more constructive than America’s military spending, see – is starting to look like something entirely different now that Kenya is about to fall to China and its very humorless bill collectors. Here’s what Taiwan News is reporting.
China may be preparing to seize some major assets in the African nation of Kenya, as a result of debt-trap diplomacy.
African media reports that Kenya may soon be forced to relinquish control of its largest and most lucrative port in Mombasa to Chinese control.
Other assets related to the inland shipment of goods from the port, including the Inland Container Depot in Nairobi, and the Standard Gauge Railway (SGR), may also be compromised in the event of a Chinese port takeover.
Kenya has reportedly taken extremely large loans from the Communist government for the development of some major highways, and especially for the SGR, which forms a crucial transport link to and from Nairobi for the import and export of goods through Mombasa.
In November, Moody’s noted that Kenya is at high risk of losing strategic assets because of debts owed to Beijing.
Local media began to express concern that Chinese lenders may be angling to seize assets, since it does not appear the Kenyan government will be capable to repaying the loans.
Beijing, of course, is denying it. But that was a couple days ago. And its only argument begs the question. China insists that the project, out there in deepest Kenya, will indeed make money, effectively suggesting that it won’t need to expropriate the port. It doesn’t say what will happen if the project doesn’t make money, which is what Moody’s is focusing on. more here
h/t Forcibly Deranged
Remember, it’s only colonialism or imperialism if you do it while being white. Being yellow makes it all okay.
So will that make Obama Chinese?🤔
THE SYMPATHY TRAP WAS NOT SPRUNG ON THE CHINESE
“Please give us loans to help us be independent.”
10 years later….
“Please give us debt forgiveness to help us be independent.”
Whoops! That crap only works on white majority countries based on white guilt. The Chinese actually collect on non-loan payments.
Diff Tim – So will that make Obama Chinese?
What ever it takes!
Just ask Barry, being interracial until taking the oath of the POTUS, than going full blown black,,,
And not even a ‘Thank you’ to the white guilt that got him elected, let alone that got him into Harvard.
Next stop, South Africa. China’s having a field day increasing its territory in Africa.
@ Different Tim –
So will that make Obama Chinese?
Only in the year of the cock my friend!
Just wait until the POTHOLES… come home, to ROOST!!! 😳
Maybe Number One Son pay off Kenya Debts…
Prezzdent for Life 0webama …
Election Sogan?
“Kenya Feel It”
So much for any American Naval vessel making a port call to Mombasa like we did in 1974. The Chinks play for keeps, it’s payback time, Kenya should’ve known they were going to have to pay the piper for allowing the Chinks to give them money like that.
Just returned from Chile. Took a re-positioning cruise there and one stop was in Costa Rica. The guide made a big noise how they have no army (great until someone decides to invade you) and how the Chinese government has helped them build a road from the Gulf of Mexico to the Pacific port of Puntearenas. My sister and I are cynics and expressed the thought of how well that will work out when the Chinese call to collect their money. They seem to be in the business of amassing major shipping ports.
The “New Colonialism” 21st Century
Han (“yellow man’s burden”) style.