As a proportion of gross domestic product and of export earnings, Africa's debt of about $350 billion is the highest of any developing region. The high loan levels impede public investment in infrastructure and human development.
Here are the top 5 countries that owe China.
This is the most indebted African country, with estimated debts of about $25 billion. The Southern African nation has appeared to struggle to pay off this debt with reports that most of the sales of its oil are channeled towards loan repayment.
This country now owes an estimated $16 billion to Chinese lenders, roughly half of Ethiopia's total loan. Abigail has called for debt forgiveness for the world's poorest countries from all international lenders.
This country owes China an estimated 9 trillion Kenya shillings. Most of these loans were accessed during president Uhuru's regime amid reports a huge chunk of it was lost to corruption. Further studies suggest the country, considered an economic grant in East Africa has recent times struggled to pay off those debts.
4. Republic of Congo
The Republic of Congo is the central African nation with rainforest reserves that are habitats of gorillas. Its capital city, Brazzavile lies across the Congo river from Kinshasa. This country owes China an estimated $ 7.3 billion.
It owes China an estimated $ 6.4 billion.
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