Russia has cancelled at least $27 million in loans Guinea-Bissau owed. The money saved will go toward improving sectors, such as healthcare and education. Plus, 38 per cent of rent the West African country owed on its embassy in Moscow has also been slashed, with Guinea paying the remainder at a 2 per cent interest rate.
In 2020, two Chinese bilateral creditors suspended over $1.3 billion in debt service in 23 countries, including 16 African countries, according to the China-Africa Research Initiative. Plus, that year, China’s foreign ministry announced cancellations in Botswana, Burundi, Rwanda, Cameroon, the Democratic Republic of the Congo, the Republic of Congo, and Mozambique totalling at least $113.8 million.
Let us know what you make of this trend.
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In a VoxUkraine article entitled: Russian Neocolonialism – Promoting instability and state failure in Africa, the authors (Wiktor Raika, Anastassia Fedyk (UC Berkley in the US), Ilona Sologoub), suggest that Russia is guilty of neocolonialism, militarising Africans causing great war and strife through its proxy the Wagner Group. I have never heard of VoxUkraine before, find it interesting that they declare themselves to be an independent group that is aimed at helping “Ukraine move into the future” by focussing on economics, governance, social developments and reforms, and yet they are keenly interested in African geopolitics but without mentioning the global financing, the pestilence of Western foreign military sites in Africa, and trade structures that have crushed Africa’s true independence and left us with pro-neocolonial, askari political leaders and complicit pro-neocolonial business leaders for decades. No? Not worth reporting so-called qualified journalists? Worse, in the VoxUkraine article, they take the neocolonial approach of suggesting MORE foreign interference, rather than less: “The international community must unite to counter this troubling trend. It is our moral obligation to ensure that history does not repeat itself and that African nations have the autonomy and prosperity they rightfully deserve. We should stand against the new form of neo-colonialism and safeguard the future of Africa, as well as the world”. Do the words stay in your lane mean nothing?
Muchas gracias. ?Como puedo iniciar sesion?