so explain why Kenya is begging for another IMF loan and not asking China.. and now you will wet yourself and run for the exit.. correct... cheap fraud...
@badEquityExpert ha ha.. they don't ask.. they BEG.. "please Mr IMF, give us a loan".. they never reply to this sort of comment because they are too dishonest once they are caught with their pants own.. Kenya is begging for a loan now.. not sure if part of it has already been granted, then in two years time, they will be complaining about the loan.. African logic at it's finest... where are the Africans who are going to say i am wrong.. hiding under their beds now...
Britain's Debt Justice charity found in a 2022 study, based on World Bank figures, that more African governments' external debts were being owed to Western banks, asset managers and oil traders (35%) than to Chinese lenders (12%). It also found that interest rates charged on western private loans (5%) were almost double that of Chinese loans (2.7%) and that "the most indebted countries were less likely to have their debt dominated by China".
@@lostininternet3611 Tell that to the Native Americans who went to the boarding schools. African Americans are deliberately put in poor neighborhoods where crime is prevalent.
uranium is one of the most common elements, most countries that use uranium can make their own. france built the entire infrastructure to extract the uranium. how many nuclear powerplants are there in africa? 1 in south africa? yeah good luck finding a new market for your rocks. russia and china wont buy from you, they can buy from kazakhstan, same with india. who exactly is going to buy your uranium? everyone already has their sources, its very common and there arent that many markets for it. france wasnt robbing you, they were buying from you out of pity.
Exactly what Indonesian did with its copper industry. Former president Joko Widodo put export control on raw Copper and stated all copper processing have to be completed in Indonesia before it can be exported. Then EU took Indonesia to WTO court because they couldn't exploit Indonesia's copper anymore, WTO sided with EU, but Indonesia still keep the export control. The west has been doing this resources colonialism to developing countries for decades. It's ironic for them to scream 'unfair trade' practices to China, when they are the one who are actively practicing unfair trading.
how much aid did europe and usa give to africa? you need to give back the money you loaned, all the aid was a gift for free. but sure blame the west for your problems. how much aid has china given to africa?
@@weedling3552 I'm a Kenyan and I partially blame the west because they are busy bad mouthing china if you feel uncomfortable with china just leave us off your conversation
@@BoazKiriama-do3xy one thing why europe has interest in african countries not landing in a loan trap, is that if the country goes bankrupt it will need imf loans, those are payed by the member states. the west pays a lot more into the fund than poorer countries. imf loans are mostly western taxpayer money. also what i dont see a lot of here is the fact that the west has given aid for decades, not just investments, aid is without return. aid is a gift. investments need to be payed back. how much aid has china given to africa? they dont do aid, they will want more money back form you than they gave you, thats how loans work. and if you dont have the money, the west will have to pay off your dept. while china simply gains control in your country.
Learning Chinese is useless. Even when you learn Chinese, you still need to learn English to use a computer. So if you want to modernize, you might as well skip Chinese and just learn English.
This is a win-win situation. Africa needs China's high-quality and low-cost industrial products, and China also needs Africa's rich resources.👍 The West is obsessed with war, while China is obsessed with trade and development.
yeah because if african countries cant repay their chinese loans, guess who gets to flip the bill again? the imf, everyone, including the west, who contribute the most. africa has neglected itself. if you think paying double interest, then at the world bank, is an alternative then fine, china is an alternative.
It is obvious that DW news has been sparing no effort to discredit China. Let's listen to what the leaders of African countries have to say... In recent years, China has helped Africa develop agriculture and manufacturing, allowing some African countries to not only meet their own food needs, but also export grains. Western countries have always coveted Africa's mineral resources, and some African countries would rather give them to Chinese companies to mine at a lower price.
2024-9-4, Eastern Economic Forum，China-Russia Cooperation to benefit Global South Food Security(grains corridor ). The proposed BRICS grains exchange enjoys wide support across the bloc, and will accelerate the decoupling of Global South markets from the Western banking and trading systems, to de-risk from farmers in North America and Europe. When complete, Russian production and shipments on this network will exceed 8 million tons per year. Large distribution hubs are being completed in China's Northern and Central provinces, which will further transport much cheaper Russian food exports within China, and on to benefit other Asian countries.
Exactly what Indonesian did with its copper industry. Former president Joko Widodo put export control on raw Copper and stated all copper processing have to be completed in Indonesia before it can be exported. Then EU took Indonesia to WTO court because they couldn't exploit Indonesia's copper anymore, WTO sided with EU, but Indonesia still keep the export control. The west has been doing this resources colonialism to developing countries for decades. It's ironic for them to scream 'unfair trade' practices to China, when they are the one who are actively practicing unfair trading.
The issue with Kenya was not because of china, it was because of IMF. Do not turn this around with this news. I was in the streets protesting EUROBOND loan by the UK and IMF. DW, do not spread lies about our protests as Genz
great STOP asking the IMF for money.. STOP crying to be let into western countries then everyone will be happy - correct ? or have you gone into hiding now ?
Instead of complaining, why don't Europe provide better deals... Most African countries speak English and French so it should be easy for Europeans to deal with Africa.
1. not "give" you need to pay for that infrastructure with interest. and if you cant repay china for the infrastructure, then china simply takes other infrastructure from you of equal value. 2. the west gave africa billions in aid. aid you dont have to repay, its a gift. how much aid did china give africa? the imf give low income countries 0% interest loans. chinese loans are on average 4% interest. so how can these countries take on 4% loans when they cant even repay 0% loans?
@@weedling3552 You give aid because you want to keep them poor, same as how they treat poor in their countries. China provide tools for them to dig their way up with loans (that's respect!). You insult a man by given him some pity cash, you encourage a man by giving him a job and proper training!
@@liang8255 oh aid, as in free thigns is to keep people poor? but investment, that have to be returned with interest, that will make people rich. not just the investors, somehow. europe has had funds and projects for decades that try to help africa, not to mention the normal business investments. yeah im sure the starving people cared about insults. how much food aid as china given? even chinese un troops fail in africa, biggest humiliation and defeat of the un was the chinese regiment that displayed cowardice and incompetence. what jobs? china imports its workers, china has more than enough workers, no need to train the locals, china will just ship in an entire city of workers. you talk about respect while giving them 4%-5% loans. everyone knows what you are doing, the only ones fooled are the financially illiterate.
I mean, Africa didn’t gain anything from western nations. They just created a system whereby, they give us money, and we buy stuff from them. Then they take their money back. And we just end up with huge amounts of debt. So I think the Chinese one is better.
so why does Kenya and other countries like Pakistan beg the IMF for a loan.?. and now you will wet yourself and run for the exit... oh, go to China.. western countries don't want you...
China said it has better human rights than US as China life expectancy 79 years is longer than US 77 years. China also has no homeless and there is universal health care system in China.
why cant you deal with you own dept? why do you need the international community to give you money? thats tax payers money from all over the world, just because your cant elect intelligent leaders. your failure should be your own, i dont want my taxes paying for your leaders incompetence.
@@mylesmills9666 average chinese loan 4%, world bank loans 2.5% and yes the imf is the absolute last resort when your country has completely failed, its supposed to be a bad option, because once you need them you have exhausted all the good options. getting imf loans means you are incapable of managing your money and no one trusts you to lend you money. its the last resort and is simply supposed to stop you from collapsing and to stop your population from starving.
China is doing what the west had 60 years to do, invest in trade with Africa. Instead we just took especially country's like France. With the ports rail and roads built has come skilled job expanding the economy. China has built homes and hundreds of hospitals and schools and helped with training in all the skills needed. Yes they are paying interest on the loans, don't we all.
if they cant repay 0% imf loans then how will they repay 4% chinese loans? (the imf gives low income countries 0% loans, so no we dont all have to pay interest.)
Basic information: Of all the debts in Africa, the western debt accounts for 66%, and the Chinese debt accounts for 11%! Western loan interest rates are around 5%, while Chinese loan interest rates are around 2.5%!
Boom is over for Africa?😂 they just started. With a huge young population, a wealth of commodities and the right infrastructures and expertise from China. They have got all the right ingredients to success.
Africa's biggest lender is not china. China: $62b World Bank: $92b European Investment Bank: $11b Private bond holders: $186b If there is debtrap. It is more likely a west-made debt trap.
@weedling3552 You don't know what you are talking about. IMF loans come with conditions. The IMF interferes with the internal affairs of African countries. They put pressure on African leaders to remove subsidies and increase taxes. The above leads to hardship on ordinary citizens. China, on the other hand, doesn't tell them what to do. You see the difference?
@@KofiGreat-hb3oi yeah because once you need to go to the imf you have exhausted all normal good options. the imf is last resort for countries, it shouldnt be their go to. the imf imposes conditions, because once you need the imf, you have utterly failed to manage your own financials. you only need the imf if no one else trusts you with a loan, you understand? needing the imf shows that you failed at managing your money, you are incapable of it. so of corse someone competent needs to come in and straighten out your expenses. your internal affairs lead to your bankruptcy, why would anyone give you money, when they know you wont be able to pay it back? you dont deserve to control your own finances when you need the entire world to pay for your own mess.
@@clemente111 problem is when they cant repay. because then everyone gets to flip the bill, the imf gets to eat the loss. and guess who pays proportionally by far the most to the imf in membership fees? the west. and if everyone pays, then the ones paying proportionally more than average are the actual loosers. western tax payers get to fund the incompetence and corruption of some african dictator. every honest tax payer around the world gets to pay for africas poor choice in leaders! everyone! isnt that great? we dont have any say in their leadership, in how they spend their money, but when they completely fail, we get to pay for the mess. the harder they fail, the more we need to help. the more money we give them. and we wonder why it doesnt improve.
Britain's Debt Justice charity found in a 2022 study, based on World Bank figures, that more African governments' external debts were being owed to Western banks, asset managers and oil traders (35%) than to Chinese lenders (12%). It also found that interest rates charged on western private loans (5%) were almost double that of Chinese loans (2.7%) and that "the most indebted countries were less likely to have their debt dominated by China".
African leaders must prioritize their interests both current and future Because China will certainly prioritize its interests as all nations seek to do.
imf loans to low income countries carry 0% interest. chinese loans on average are 4%. so you tell me if it is a good idea to take on 4% loans if you cant even repay 0% loans?
China does not interfere other countries' internal affair and does not set up military base in Africa. China wants to trade and that is all. Why the West could not leave African people to make their own decisions instead of "giving" advice and opinion treating African people as children. African leaders know what to deal with other nations for their own benefit.
If you don't invest in infrastructure you cant build factories. Factories require good roads, power, water, ports etc to function. Just investing in healthcare and education is not a long term strategy but rather short term. If you are able to create factories, people will have good jobs and can pay for their own healthcare and education.
china already has many factories, what they need in resources. its pretty obvious where this is going. china probably thinks it is their time to do colonialism, because they copy everything from the west anyways.
Their media communications always portrays African states negatively. We love China, it's a business partner and their planned projects are de-risking business opportunities for both western and eastern firms. Let's applaud China basa.🙏🏿🇿🇲❤️💯
The West has been in Africa for centuries, but Africa didn’t see much development until China stepped in. Now the West will be start investing like they care, but all they will do is try to lecture African countries not to trade with China.
Many African countries used to not even have enough to eat, and China sent many agricultural experts to Africa to bring hybrid rice! Take a look at Madagascar, where planting hybrid rice has increased food production by 2-3 times! China is bringing its own experience to Africa. China's development is based on building roads, railways, and schools for education What China is doing in Africa now, as a Chinese, is really helping Africa! Of course, China also needs to gain benefits, which is understandable, but compared to Western countries, China is much better!
Britain's Debt Justice charity found in a 2022 study, based on World Bank figures, that more African governments' external debts were being owed to Western banks, asset managers and oil traders (35%) than to Chinese lenders (12%). It also found that interest rates charged on western private loans (5%) were almost double that of Chinese loans (2.7%) and that "the most indebted countries were less likely to have their debt dominated by China".
The South African president is not begging. May these African countries learn that they need to start following our lead in SA if they want to succeed and not just demand we open our borders for them.
As a Kenyan from Nairobi, I'd say Mariel Müller gave a precise analysis here, good work from her. I'm afraid the same can't be said for the IMF, Europe, America or even our leaders in Africa, particularly Ruto.
It is good that China gives loans to African countries, and African use the money to build infrastructure and manufacturing and sell back to China, free of tariff. It is a win-win !
Exactly what Indonesian did with its copper industry. Former president Joko Widodo put export control on raw Copper and stated all copper processing have to be completed in Indonesia before it can be exported. Then EU took Indonesia to WTO court because they couldn't exploit Indonesia's copper anymore, WTO sided with EU, but Indonesia still keep the export control. The west has been doing this resources colonialism to developing countries for decades. It's ironic for them to scream 'unfair trade' practices to China, when they are the one who are actively practicing unfair trading.
This report seems to attribute kenyas crippling debt to China only, yet we have IMF and world bank China - Approximately $6.83 billion, World Bank - Around $5.6 billion, International Monetary Fund (IMF) - About $2.4 billion . Japan - Roughly $1.5 billion, France - Approximately $1.4billion
Western speeches and lectures will not bring development and much needed infrastructure projects to Africa. I'm glad African leaders are now realising this!
Talk about the good China has done to Africa, before focusing on the 'bad' Africans love China. The problem is not China, the problem is African leaders.
China treats African countries with respect, and you can see that in how African leaders are given state welcome in Beijing. Can’t say the same for the US which demonstrates total contempt for the continent. That aside, there’s so much talk in the west about how China’s model is bad, but Europe and the US offer no alternatives whatsoever. In that case, we’re left with no choice but to take the offer on the table. It comes with far less strings, too.
African infrastructure would have collapsed had it been for the Chinese. The west said Africa is not credit worthy when asking for big loans for infrastructure. China said we are credit worthy, we have resources. The west was taking us into economic collapse so that they would rule us forever. We like one who appreciates what we have ,and can trade with respect.
Africa’s partnership with China has become a huge part of the continent’s growth story in recent years. China has poured investments into building roads, airports, and schools, making a real difference that many African countries appreciate. Unlike the old colonial powers that invaded and took resources, China focuses on trade and development, helping Africa progress without that same painful past. When African nations deal with the West, it often feels different. Negotiations tend to come with strings attached-like demands for privatization or lectures on human rights-with promises that sometimes don’t materialize. Many African leaders feel that these deals don’t put their people’s needs first, and instead, they seem to trap the continent in dependency on organizations like the IMF and World Bank. Projects can be bogged down by bureaucracy or loaded with conditions that seem to benefit big corporations more than local economies. A perfect example of the West’s approach is when U.S. Secretary of State Rex Tillerson came to Africa to warn countries against working with China. Ironically, he landed at an airport built by Chinese firms, traveled on roads they constructed, and spoke in a building funded by China. Despite the warnings, many African leaders continue to favor China’s straightforward investments over the West’s more complicated and conditional offers. When the West does engage with Africa, it’s often in countries with valuable resources. It’s a familiar story: nations like Libya under Gaddafi or Iraq under Saddam Hussein, when they tried to break free from Western financial dominance, quickly faced military intervention. In Africa, if a country has oil or other prized resources, Western-backed organizations may offer loans, but it’s often corporations like Exxon, BP, or Shell that ultimately benefit from those resources. And in extreme cases, if African leaders push too hard, military interventions can happen. After the dust settles, Western contractors move in to "rebuild" the country, while the true wealth flows out.
The lack of unity among African leaders is concerning, especially when they often turn to countries like the United States, China, Russia, or nations in Europe for funding instead of leveraging their own resources. If every African nation were to contribute just 4 million each year, it could collectively raise 216 million dollars annually, calculated as follows: This significant amount could be used to improve the continent. Sometimes, I reflect on this situation and wonder if there is a divine reason behind it. It makes me think that perhaps God has a hand in the current state of affairs. If God truly wanted Africa to thrive, then the right leaders would be in power, capable of steering our nations towards progress. Instead of relying on external assistance, African nations could harness their own resources and collaborate to create sustainable development, prioritizing the welfare of their people and empowering their own nations.
China and countries in Africa are great partners! They will all benefit and achieve success. This is a health development for the whole world. African countries will develop and provide for their populations!
As of 2023, the U.S. national debt has reached approximately $31.4 trillion. This massive figure is driven by a combination of factors, including ongoing budget deficits, wars, entitlement programs like Social Security and Medicare, tax cuts, and economic downturns. A significant portion of this debt is owed to both domestic and foreign creditors, with foreign entities like China and Japan holding substantial portions of U.S. Treasury securities
Africans have to wake up and help themselves with all the facilities provided now with China. Nobody can guarantee tomorrow's success, therfore each and everyone has to think and work hard.. 😮😮😮😊😊
Hilarious, these countries are crippled by IMF loans and you blame China.
say no more
You're absolutely right!
THSTS BECAUSE THEY OWE MORE TO WESTERN BANKS, INSTITUTIONS, PRIVATE WESTERN COMPANIES. CHINA STILL HAS BETTER TERMS THAN THE WEST
China loans are worse
Are you sure?
Lie. It is the IMF that indebted Kenya 🇰🇪
Lie, Lenya indebted itself with its corrupt government that didnt invest in its own people
so explain why Kenya is begging for another IMF loan and not asking China.. and now you will wet yourself and run for the exit.. correct... cheap fraud...
@badEquityExpert ha ha.. they don't ask.. they BEG.. "please Mr IMF, give us a loan".. they never reply to this sort of comment because they are too dishonest once they are caught with their pants own.. Kenya is begging for a loan now.. not sure if part of it has already been granted, then in two years time, they will be complaining about the loan.. African logic at it's finest... where are the Africans who are going to say i am wrong.. hiding under their beds now...
Yes, the IMF did
Britain's Debt Justice charity found in a 2022 study, based on World Bank figures, that more African governments' external debts were being owed to Western banks, asset managers and oil traders (35%) than to Chinese lenders (12%). It also found that interest rates charged on western private loans (5%) were almost double that of Chinese loans (2.7%) and that "the most indebted countries were less likely to have their debt dominated by China".
laughable that the US talks about human rights
And US and Germany talking about about human rights.What a joke!
Whereas China and Russia think that human rights are so precious that they should be locked away in a vault and never seen again.
What you mean US talks ? when in USA live about 300 million people each have their own views and biographies
@@lostininternet3611 Tell that to the Native Americans who went to the boarding schools. African Americans are deliberately put in poor neighborhoods where crime is prevalent.
First Investigate: Why Africa is moving away from west? Is west exploited Africa?
This is a better deal compared to Uranium day light robbery by France 😂
uranium is one of the most common elements, most countries that use uranium can make their own.
france built the entire infrastructure to extract the uranium.
how many nuclear powerplants are there in africa? 1 in south africa?
yeah good luck finding a new market for your rocks.
russia and china wont buy from you, they can buy from kazakhstan, same with india.
who exactly is going to buy your uranium? everyone already has their sources, its very common and there arent that many markets for it.
france wasnt robbing you, they were buying from you out of pity.
Exactly what Indonesian did with its copper industry. Former president Joko Widodo put export control on raw Copper and stated all copper processing have to be completed in Indonesia before it can be exported. Then EU took Indonesia to WTO court because they couldn't exploit Indonesia's copper anymore, WTO sided with EU, but Indonesia still keep the export control. The west has been doing this resources colonialism to developing countries for decades. It's ironic for them to scream 'unfair trade' practices to China, when they are the one who are actively practicing unfair trading.
uranium is one of the most common elements on earth.
who else is going to buy your uranium? africa has 1 single nuclear powerplant.
So why America borrow so much from China? Not debt trap? 😂
good point!
How much Europe and US givrn loan to Africa!?
Mentioning alone of china and not mentioning EU and US debt to Africa is not fair reporting.
You can also research nonrefundable debt. but you just prefer to regurgitate idiotic things :)
how much aid did europe and usa give to africa?
you need to give back the money you loaned, all the aid was a gift for free.
but sure blame the west for your problems.
how much aid has china given to africa?
@@weedling3552 I'm a Kenyan and I partially blame the west because they are busy bad mouthing china if you feel uncomfortable with china just leave us off your conversation
@@BoazKiriama-do3xy one thing why europe has interest in african countries not landing in a loan trap, is that if the country goes bankrupt it will need imf loans, those are payed by the member states.
the west pays a lot more into the fund than poorer countries.
imf loans are mostly western taxpayer money.
also what i dont see a lot of here is the fact that the west has given aid for decades, not just investments, aid is without return.
aid is a gift.
investments need to be payed back.
how much aid has china given to africa?
they dont do aid, they will want more money back form you than they gave you, thats how loans work.
and if you dont have the money, the west will have to pay off your dept.
while china simply gains control in your country.
They serve to secure US strategic interests - biased by nature
China has proven to be the best partner for Africa. It's high time African countries start learning Chinese language!
good luck china xD
Nonsense
@@mashobane6177nope
Learning Chinese is useless. Even when you learn Chinese, you still need to learn English to use a computer. So if you want to modernize, you might as well skip Chinese and just learn English.
China is the world's biggest horror story.
This is a win-win situation. Africa needs China's high-quality and low-cost industrial products, and China also needs Africa's rich resources.👍
The West is obsessed with war, while China is obsessed with trade and development.
Europeans have neglected Africa for decades, when it comes to trade, but complain when China presents itself as an alternative.
yeah because if african countries cant repay their chinese loans, guess who gets to flip the bill again?
the imf, everyone, including the west, who contribute the most.
africa has neglected itself.
if you think paying double interest, then at the world bank, is an alternative then fine, china is an alternative.
@@weedling3552wrong
@@timloo6191 wrong
@@weedling3552Europe owes Africa more than a pint of blood either you invest or were coming to settle in Europe and change the demographics of Europe
@@weedling3552False as IMF works on a preferred credit status model where its loan gets to be paid off before anyone else.
West: debt trap.
Africa: west colonized us.
😂
The last time I check, all those African nations are now independent UN member countries while some have voted to remain vassals & tributary.
Yes, but then they left. Your issues are your own.
@@useyourbrain1539 these issues were created and kept up by the colonizers + France is still there
@@useyourbrain1539Ture😢
It is obvious that DW news has been sparing no effort to discredit China. Let's listen to what the leaders of African countries have to say... In recent years, China has helped Africa develop agriculture and manufacturing, allowing some African countries to not only meet their own food needs, but also export grains. Western countries have always coveted Africa's mineral resources, and some African countries would rather give them to Chinese companies to mine at a lower price.
2024-9-4, Eastern Economic Forum，China-Russia Cooperation to benefit Global South Food Security(grains corridor ).
The proposed BRICS grains exchange enjoys wide support across the bloc, and will accelerate the decoupling of Global South markets from the Western banking and trading systems, to de-risk from farmers in North America and Europe.
When complete, Russian production and shipments on this network will exceed 8 million tons per year.
Large distribution hubs are being completed in China's Northern and Central provinces, which will further transport much cheaper Russian food exports within China, and on to benefit other Asian countries.
Exactly what Indonesian did with its copper industry. Former president Joko Widodo put export control on raw Copper and stated all copper processing have to be completed in Indonesia before it can be exported. Then EU took Indonesia to WTO court because they couldn't exploit Indonesia's copper anymore, WTO sided with EU, but Indonesia still keep the export control. The west has been doing this resources colonialism to developing countries for decades. It's ironic for them to scream 'unfair trade' practices to China, when they are the one who are actively practicing unfair trading.
Stop nonsense talking, africa needs better infrastructure and modernization. Just why africa chose 🇨🇳
The issue with Kenya was not because of china, it was because of IMF. Do not turn this around with this news. I was in the streets protesting EUROBOND loan by the UK and IMF. DW, do not spread lies about our protests as Genz
DW will not disclose the loan ratio in Africa:：Of all the debts in Africa, the western debt accounts for 66%, and the Chinese debt accounts for 11%!
China is the best development partner for Africa.
great STOP asking the IMF for money.. STOP crying to be let into western countries then everyone will be happy - correct ? or have you gone into hiding now ?
Instead of complaining, why don't Europe provide better deals... Most African countries speak English and French so it should be easy for Europeans to deal with Africa.
Because Africans only remember the colonial past of Europe when the loans come due, NEVER when they take those same loans 😂
@@nanucit Because EU only know how to rob instead of providing tangible development🤣
Europe provide it the already.
What they did not is bribes at state level.
@@nanucitthey are drained in exchange for small aid
because you cant compete with the claims of a scammer.
Stop lying, it's IMF not china.
What do Western countries contribute to Africa? China gives them infrastructure.
China gives them massive debt they can barely afford to pay back, and then takes that infrastructure when they can't.
lectures
1. not "give" you need to pay for that infrastructure with interest.
and if you cant repay china for the infrastructure, then china simply takes other infrastructure from you of equal value.
2. the west gave africa billions in aid. aid you dont have to repay, its a gift.
how much aid did china give africa?
the imf give low income countries 0% interest loans.
chinese loans are on average 4% interest.
so how can these countries take on 4% loans when they cant even repay 0% loans?
@@weedling3552 You give aid because you want to keep them poor, same as how they treat poor in their countries. China provide tools for them to dig their way up with loans (that's respect!). You insult a man by given him some pity cash, you encourage a man by giving him a job and proper training!
@@liang8255 oh aid, as in free thigns is to keep people poor?
but investment, that have to be returned with interest, that will make people rich.
not just the investors, somehow.
europe has had funds and projects for decades that try to help africa, not to mention the normal business investments.
yeah im sure the starving people cared about insults.
how much food aid as china given?
even chinese un troops fail in africa, biggest humiliation and defeat of the un was the chinese regiment that displayed cowardice and incompetence.
what jobs? china imports its workers, china has more than enough workers, no need to train the locals, china will just ship in an entire city of workers.
you talk about respect while giving them 4%-5% loans. everyone knows what you are doing, the only ones fooled are the financially illiterate.
Sounds like the Chinese alternative is better!
I mean, Africa didn’t gain anything from western nations.
They just created a system whereby, they give us money, and we buy stuff from them. Then they take their money back. And we just end up with huge amounts of debt.
So I think the Chinese one is better.
so why does Kenya and other countries like Pakistan beg the IMF for a loan.?. and now you will wet yourself and run for the exit... oh, go to China.. western countries don't want you...
AFRICAN NATIONS ARE BENEFITING GREATLY FROM CHINA INFRASTRUCTURE DEVELOPMENTS
No, Africa is now china’s playtoy
DW is joke, i saw jealous in here, hahaha
China said it has better human rights than US as China life expectancy 79 years is longer than US 77 years. China also has no homeless and there is universal health care system in China.
West is so jealous about china
the audacity of DW... hypocrites!!
What is the IMF doing to help Kenya deal with its debt?
why cant you deal with you own dept?
why do you need the international community to give you money?
thats tax payers money from all over the world, just because your cant elect intelligent leaders.
your failure should be your own, i dont want my taxes paying for your leaders incompetence.
The IMF is lending Kenya the money to pay back the debt it owes to China, taken out by the previous administration.
IMF is worse
@@mylesmills9666 average chinese loan 4%, world bank loans 2.5%
and yes the imf is the absolute last resort when your country has completely failed, its supposed to be a bad option, because once you need them you have exhausted all the good options.
getting imf loans means you are incapable of managing your money and no one trusts you to lend you money.
its the last resort and is simply supposed to stop you from collapsing and to stop your population from starving.
ask China then.. and now you will wet yourself and run for the exit.. all the cheap frauds on here do.. - correct ?
China is doing what the west had 60 years to do, invest in trade with Africa. Instead we just took especially country's like France. With the ports rail and roads built has come skilled job expanding the economy. China has built homes and hundreds of hospitals and schools and helped with training in all the skills needed. Yes they are paying interest on the loans, don't we all.
China restructures loans for nations having trouble paying back and also forgives the loans as well.
The west did…. It gets you nowhere. Trillions given to Africa for nothing. Now the Chinese get to make the same mistake
The US turned Europe into a tourist destination. Demoralizing and popularizing culture. Worlds at war a told tale to date
@@jesusaguilar4585 China takes over infrastructure when you cannot pay...
if they cant repay 0% imf loans then how will they repay 4% chinese loans?
(the imf gives low income countries 0% loans, so no we dont all have to pay interest.)
Basic information: Of all the debts in Africa, the western debt accounts for 66%, and the Chinese debt accounts for 11%! Western loan interest rates are around 5%, while Chinese loan interest rates are around 2.5%!
Ohhhh the West wants to talk about human rights?! What a joke! Funding the Geno in gaza😢
In kenya 80 percent of our debt is from IMF 20 percent is chinese loan
China is the most reliable development and security partner for Africa.
Good!! Move away from American hegemony!
Boom is over for Africa?😂 they just started. With a huge young population, a wealth of commodities and the right infrastructures and expertise from China. They have got all the right ingredients to success.
European 🇪🇺 US ..talking about Human rights 😂😂 Talking about Dept trap ...😂😂😂
Africa's biggest lender is not china.
China: $62b
World Bank: $92b
European Investment Bank: $11b
Private bond holders: $186b
If there is debtrap. It is more likely a west-made debt trap.
Kenya protest was due to imf policy not china
imf loans 0% interest.
chinese loans 4% interest.
good luck with china.
Stop lying..China's interest loans is 2.7% while IMF is 5%@weedling3552
@weedling3552 You don't know what you are talking about.
IMF loans come with conditions. The IMF interferes with the internal affairs of African countries. They put pressure on African leaders to remove subsidies and increase taxes.
The above leads to hardship on ordinary citizens.
China, on the other hand, doesn't tell them what to do. You see the difference?
@@weedling3552 that's wrong! IMF does so at 5% while China does at 2.7%
@@KofiGreat-hb3oi yeah because once you need to go to the imf you have exhausted all normal good options.
the imf is last resort for countries, it shouldnt be their go to.
the imf imposes conditions, because once you need the imf, you have utterly failed to manage your own financials.
you only need the imf if no one else trusts you with a loan, you understand?
needing the imf shows that you failed at managing your money, you are incapable of it.
so of corse someone competent needs to come in and straighten out your expenses.
your internal affairs lead to your bankruptcy, why would anyone give you money, when they know you wont be able to pay it back?
you dont deserve to control your own finances when you need the entire world to pay for your own mess.
See that to pay off IMF debt, Kenya needs China's help.
That is like using a loan shark to pay off a pay day loan.
@@jeremytine well money has to come from somewhere.....we can cry all day about corruption, we still need to repay our debt
@@clemente111 it's called tough love... Africa needs to fix itself
@@clemente111 problem is when they cant repay.
because then everyone gets to flip the bill, the imf gets to eat the loss.
and guess who pays proportionally by far the most to the imf in membership fees? the west.
and if everyone pays, then the ones paying proportionally more than average are the actual loosers.
western tax payers get to fund the incompetence and corruption of some african dictator. every honest tax payer around the world gets to pay for africas poor choice in leaders! everyone!
isnt that great? we dont have any say in their leadership, in how they spend their money, but when they completely fail, we get to pay for the mess. the harder they fail, the more we need to help. the more money we give them.
and we wonder why it doesnt improve.
Britain's Debt Justice charity found in a 2022 study, based on World Bank figures, that more African governments' external debts were being owed to Western banks, asset managers and oil traders (35%) than to Chinese lenders (12%). It also found that interest rates charged on western private loans (5%) were almost double that of Chinese loans (2.7%) and that "the most indebted countries were less likely to have their debt dominated by China".
African leaders must prioritize their interests both current and future Because China will certainly prioritize its interests as all nations seek to do.
African leaders always prioritized themselves, thats why they are so corrupt.
imf loans to low income countries carry 0% interest.
chinese loans on average are 4%.
so you tell me if it is a good idea to take on 4% loans if you cant even repay 0% loans?
80% of the loans kenya owes comes from the IMF and world bank chinies loans are only 17% and all went to infrastructure very beneficial.
China stands for just and justice!
Let's not go so far😅
China does not interfere other countries' internal affair and does not set up military base in Africa. China wants to trade and that is all. Why the West could not leave African people to make their own decisions instead of "giving" advice and opinion treating African people as children. African leaders know what to deal with other nations for their own benefit.
If you don't invest in infrastructure you cant build factories. Factories require good roads, power, water, ports etc to function. Just investing in healthcare and education is not a long term strategy but rather short term. If you are able to create factories, people will have good jobs and can pay for their own healthcare and education.
You build factories by having a significant number of educated people, so don’t skimp on education.
china already has many factories, what they need in resources.
its pretty obvious where this is going.
china probably thinks it is their time to do colonialism, because they copy everything from the west anyways.
China is the best compared to the West 😂😂
Africans ...u must understand that the road to properity and development start with roads and infrastructure
WHY EU and US can't provide Africa a better option?
Seems even Obama didn't do anything for Africa during his 8years,does he know where he came from?
because africa prone to war and conflict
Isn't China providing Africa the best possible option?
50 billion to G7 is a small amount which can assist to lift Africa out of poverty.
Whereas, China is willing to share its success story with Africa.
CHINA 🇨🇳 AND AFRICA 🌍 FOREVER❤
US and West is crying
TAZARA railway has been completed in full since the 70s. They are refurbishing it. Dont be ignorant
Their media communications always portrays African states negatively. We love China, it's a business partner and their planned projects are de-risking business opportunities for both western and eastern firms. Let's applaud China basa.🙏🏿🇿🇲❤️💯
Where is the 600 bil the G7 promised to invest in the developing world?
IMF and worldbank loans are like credit card, usually for consuming, Chinese loans are more like mortgage, usually for long term investment
west will never stop talking nonsence🤣🤣
What is the West doing? On right nothing to help Africa 😂
Only China has the money & technology to help African nations economy grow.
The West has been in Africa for centuries, but Africa didn’t see much development until China stepped in.
Now the West will be start investing like they care, but all they will do is try to lecture African countries not to trade with China.
Kenya debt crisis is not caused by China but IMF
2:57 the protest was linked to IMF loan conditions (increased tax) , not China. 😮
I love how they focus on Kenyas debt to China despite these only being 9% percent of their overall debt. Who holds the other 91%?
Many African countries used to not even have enough to eat, and China sent many agricultural experts to Africa to bring hybrid rice! Take a look at Madagascar, where planting hybrid rice has increased food production by 2-3 times!
China is bringing its own experience to Africa. China's development is based on building roads, railways, and schools for education What China is doing in Africa now, as a Chinese, is really helping Africa! Of course, China also needs to gain benefits, which is understandable, but compared to Western countries, China is much better!
USA acting like its dept. free
Britain's Debt Justice charity found in a 2022 study, based on World Bank figures, that more African governments' external debts were being owed to Western banks, asset managers and oil traders (35%) than to Chinese lenders (12%). It also found that interest rates charged on western private loans (5%) were almost double that of Chinese loans (2.7%) and that "the most indebted countries were less likely to have their debt dominated by China".
You can see in the comments that people(Westerners) dont want any good to happen to Africa, This is getting really sick.
Every country youth is hard to find the job, in China as well. Hope smart people on earth can find a solution to this
The South African president is not begging. May these African countries learn that they need to start following our lead in SA if they want to succeed and not just demand we open our borders for them.
Even with DW manipulation, still sound like the people they interviewed was still positive about china and negative to imf.
But Nairobi looks beautiful even more than Berlin capital city of a fast economy in Europe.
As a Kenyan from Nairobi, I'd say Mariel Müller gave a precise analysis here, good work from her.
I'm afraid the same can't be said for the IMF, Europe, America or even our leaders in Africa, particularly Ruto.
Jealousy is a disease
Xi looked VERY comfortable
France still colonises some african countries. Their currency is tied to the Franc and they have to pay royalties.
China Over The US And EU Combined❤❤
It is good that China gives loans to African countries, and African use the money to build infrastructure and manufacturing and sell back to China, free of tariff. It is a win-win !
Is better to stay with China 🇨🇳
Exactly what Indonesian did with its copper industry. Former president Joko Widodo put export control on raw Copper and stated all copper processing have to be completed in Indonesia before it can be exported. Then EU took Indonesia to WTO court because they couldn't exploit Indonesia's copper anymore, WTO sided with EU, but Indonesia still keep the export control. The west has been doing this resources colonialism to developing countries for decades. It's ironic for them to scream 'unfair trade' practices to China, when they are the one who are actively practicing unfair trading.
This report seems to attribute kenyas crippling debt to China only, yet we have IMF and world bank
China - Approximately $6.83 billion,
World Bank - Around $5.6 billion,
International Monetary Fund (IMF) - About $2.4 billion
.
Japan - Roughly $1.5 billion,
France - Approximately $1.4billion
Your games are played out DW
China is best ❤
Germany can pay 7 Billion Euro debt for Kenya, Just do it!
Long live the unity of people around the world
Western speeches and lectures will not bring development and much needed infrastructure projects to Africa. I'm glad African leaders are now realising this!
Talk about the good China has done to Africa, before focusing on the 'bad'
Africans love China.
The problem is not China, the problem is African leaders.
😢Trade ✊🏿Win win ❤
China treats African countries with respect, and you can see that in how African leaders are given state welcome in Beijing. Can’t say the same for the US which demonstrates total contempt for the continent.
That aside, there’s so much talk in the west about how China’s model is bad, but Europe and the US offer no alternatives whatsoever. In that case, we’re left with no choice but to take the offer on the table. It comes with far less strings, too.
But isn't Kenyan's debt to IMF ?
African infrastructure would have collapsed had it been for the Chinese. The west said Africa is not credit worthy when asking for big loans for infrastructure. China said we are credit worthy, we have resources. The west was taking us into economic collapse so that they would rule us forever. We like one who appreciates what we have ,and can trade with respect.
Africa’s partnership with China has become a huge part of the continent’s growth story in recent years. China has poured investments into building roads, airports, and schools, making a real difference that many African countries appreciate. Unlike the old colonial powers that invaded and took resources, China focuses on trade and development, helping Africa progress without that same painful past.
When African nations deal with the West, it often feels different. Negotiations tend to come with strings attached-like demands for privatization or lectures on human rights-with promises that sometimes don’t materialize. Many African leaders feel that these deals don’t put their people’s needs first, and instead, they seem to trap the continent in dependency on organizations like the IMF and World Bank. Projects can be bogged down by bureaucracy or loaded with conditions that seem to benefit big corporations more than local economies.
A perfect example of the West’s approach is when U.S. Secretary of State Rex Tillerson came to Africa to warn countries against working with China. Ironically, he landed at an airport built by Chinese firms, traveled on roads they constructed, and spoke in a building funded by China. Despite the warnings, many African leaders continue to favor China’s straightforward investments over the West’s more complicated and conditional offers.
When the West does engage with Africa, it’s often in countries with valuable resources. It’s a familiar story: nations like Libya under Gaddafi or Iraq under Saddam Hussein, when they tried to break free from Western financial dominance, quickly faced military intervention. In Africa, if a country has oil or other prized resources, Western-backed organizations may offer loans, but it’s often corporations like Exxon, BP, or Shell that ultimately benefit from those resources. And in extreme cases, if African leaders push too hard, military interventions can happen. After the dust settles, Western contractors move in to "rebuild" the country, while the true wealth flows out.
China is trying to help africa.
No LGBT XYZ agende from china
Great, continue to give them lectures.
She's reading from a western anti-China script, and struggling abit to keep by the narrative without feeling hypocritical and sheepish...
The lack of unity among African leaders is concerning, especially when they often turn to countries like the United States, China, Russia, or nations in Europe for funding instead of leveraging their own resources. If every African nation were to contribute just 4 million each year, it could collectively raise 216 million dollars annually, calculated as follows:
This significant amount could be used to improve the continent. Sometimes, I reflect on this situation and wonder if there is a divine reason behind it. It makes me think that perhaps God has a hand in the current state of affairs. If God truly wanted Africa to thrive, then the right leaders would be in power, capable of steering our nations towards progress. Instead of relying on external assistance, African nations could harness their own resources and collaborate to create sustainable development, prioritizing the welfare of their people and empowering their own nations.
Who believe DW 😅😅😅😂😂😂
US come with LGBTQ ,CHINA come with hardworking people to build a country
The Biggest program shouldn’t supposed to collapse before strategy to keep ecosystems attention! Culture base on Economic value .
China and countries in Africa are great partners! They will all benefit and achieve success. This is a health development for the whole world. African countries will develop and provide for their populations!
As of 2023, the U.S. national debt has reached approximately $31.4 trillion. This massive figure is driven by a combination of factors, including ongoing budget deficits, wars, entitlement programs like Social Security and Medicare, tax cuts, and economic downturns. A significant portion of this debt is owed to both domestic and foreign creditors, with foreign entities like China and Japan holding substantial portions of U.S. Treasury securities
Why not ask African leaders those questions than asking this girl Murla to speak for us.
Africans have to wake up and help themselves with all the facilities provided now with China. Nobody can guarantee tomorrow's success, therfore each and everyone has to think and work hard.. 😮😮😮😊😊
This reporter is lying imf is the problem
DW 👎👎👎👎👎👎👎 media are to report true new base on fact but not what they assume . DW - shame on you
Also, the Kenyan stuff was due to an IMF loan.
50 billion is too little 200 billion is makes more sense for the whole continent.