{"id":24362,"date":"2022-01-09T11:52:21","date_gmt":"2022-01-09T11:52:21","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/?p=24362"},"modified":"2022-01-09T11:30:31","modified_gmt":"2022-01-09T11:30:31","slug":"china-offers-africa-40b-denies-creating-debt-trap","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/china-offers-africa-40b-denies-creating-debt-trap","title":{"rendered":"China offers Africa $40b, denies creating debt trap"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>China has promised $40 billion in financing Africa economic growth this year as it defends itself from claims that its lending of money to Africa is creating a debt trap.<\/p>\n

Beijing has said Africa should be a big stage for international co-operation rather than an arena for games between superpowers.<\/p>\n

Speaking in Mombasa, Chinese top diplomat Wang Yi said those spreading false information about China\u2019s supposedly trapping of poor African countries with debt are only out to destroy the country\u2019s relations with African states.<\/p>\n

\u201cThis is a narrative, so called debt trap created by some great nations, those who don\u2019t want to see developments in Africa. If there is any trap, it is about poverty and underdevelopment. Those spreading the false narrative don\u2019t want to see Africa rising,\u201d Mr Wang said during the signing of six bilateral agreements between Kenya and China.<\/p>\n

Bilateral support<\/b><\/p>\n

The diplomat said China would work with other Africa-friendly countries to contribute to independent and sustainable development.<\/p>\n

\u201cOur commitment is to be Africa\u2019s good friend and partner. Our bilateral relationship has become a fine example of solidarity, co-operation and common development between China and Africa. We will continue to support each other,\u201d he added.<\/p>\n

His visit, which saw him tour Eritrea and Comoros, comes at a time when Beijing is in the eye of the storm over its \u201cpotential takeover\u2019\u2019 of key African infrastructure due to debt distress by several governments.<\/p>\n

Healthy competition<\/b><\/p>\n

\u201cIf there must be some competition let us compete for who does more for Africa. Let us compete for who contributes more for Africa\u2019s development,\u201d Mr Wang said.<\/p>\n

\u201cAs a friend of Africa, China will never sit idle. The vaccines will be delivered in every corner of Africa where there is a need. In the face of various acts of power politics, China and Africa will defend international justice and fairness,\u201d he added.<\/p>\n

The Chinese official also held a meeting with President Uhuru Kenyatta, where the two governments \u201creaffirmed their partnerships in trade and infrastructure.\u201d<\/p>\n

In the talks, Kenya sought to export avocado and aquatic products while China intends to continue donating rice to the East African country for humanitarian aid.<\/p>\n

The two countries signed six trade agreements and promised to form a joint working group to address trade barriers and reduce trade imbalances.<\/p>\n

*Written by Winnie Atieno and Anthony Kitimo<\/b><\/p>\n

For More News And Analysis About Uganda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. China has promised $40 billion in financing Africa economic growth this year as it defends itself from claims that its lending of money to Africa is creating a debt trap. Beijing has said Africa should be a big stage for international co-operation rather than an arena for games between superpowers. Speaking in […]<\/p>\n","protected":false},"author":84,"featured_media":24361,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[233,240,234],"class_list":["post-24362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nChina offers Africa $40b, denies creating debt trap - Uganda<\/title>\n<meta name=\"description\" content=\"China has promised $40 billion in financing Africa economic growth this year as it defends itself from claims that its l ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/china-offers-africa-40b-denies-creating-debt-trap\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China offers Africa $40b, denies creating debt trap\" \/>\n<meta property=\"og:description\" content=\"China has promised $40 billion in financing Africa economic growth this year as it defends itself from claims that its l ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/china-offers-africa-40b-denies-creating-debt-trap\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-09T11:52:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2022\/01\/img-61dac74212f6a.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/china-offers-africa-40b-denies-creating-debt-trap#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/china-offers-africa-40b-denies-creating-debt-trap\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"China offers Africa $40b, denies creating debt trap\",\"datePublished\":\"2022-01-09T11:52:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/china-offers-africa-40b-denies-creating-debt-trap\"},\"wordCount\":413,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/china-offers-africa-40b-denies-creating-debt-trap#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2022\/01\/img-61dac74212f6a.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/china-offers-africa-40b-denies-creating-debt-trap#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/china-offers-africa-40b-denies-creating-debt-trap\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/china-offers-africa-40b-denies-creating-debt-trap\",\"name\":\"China offers Africa $40b, denies creating debt trap - 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