China-Africa deal a lose-lose situation
Written by Max Hamata and Wonder Guchu
Thursday, 16 July 2009
Namibia became the first African country to suspend Chinese loans citing unfavourable terms and conditions described as ‘tough’ and ‘costly’ to the country. In this two part series Wonder Guchu argues that dealing with China, Africa is in a lose-lose situation.
The relationship between China and Africa is that of two friends who go to a bar and one lends the other money on condition that they drink it together.