Business Insider
Source: Business Insider |

How Djibouti like Zambia is about to loose its port to China

One such African country that is exhibiting all the red flag signals of going Sri Lankan and now Zambian way is Djibouti

Beijing’s cumulative loans to Africa since 2000 amounted to $124-billion by 2016, according to figures compiled by the China-Africa Research Initiative (CARI). Djibouti is projected to take on public debt worth around 88 percent of the country’s overall $1.72 billion GDP, with China owning the lion’s share of it. On…