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BBCAfrica's profile
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African news from the BBC. Facebook: https://www.facebook.com/BBCnewsAfrica/  Instagram: https://www.instagram.com/bbcafrica/  YouTube: http://www.youtube.com/bbcafrica 

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    BBC News Africa‏Verified account @BBCAfrica Sep 3

    Should Africa be wary of Chinese debt? @LarryMadowo explains https://bbc.in/2Q3pvQr  #FOCAC2018pic.twitter.com/ceok9h11ze

    4:49 AM - 3 Sep 2018
    • 112 Retweets
    • 133 Likes
    • John Rego🇰🇪🇰🇪🇰🇪 Queen khanyiPoppzet hassan Babajide Fadahunsi Ebube Sam kihiu™ Riziki dee Otieno Alfonce
    16 replies 112 retweets 133 likes
      1. New conversation
      2. hustleMan‏ @HustleLad Sep 3
        Replying to @BBCAfrica @LarryMadowo

        Debts and high taxes plus corruption are the main factors why African countries are still undeveloped. Even if we take $100b we won't move a step forward, cutting debts, will help us to stabilize, govt spending should be checked and focus on utilizing what we've effectively

        2 replies 0 retweets 3 likes
      3. hustleMan‏ @HustleLad Sep 3
        Replying to @HustleLad @BBCAfrica @LarryMadowo

        For example, Nigerian oil is enough to make every Nigerian rich, they've good soils and other resources but some of their citizens can't save $100 per month, same story with Uganda, we've sugar, energy, soil and other resources but our citizens are still struggling with life.

        1 reply 1 retweet 2 likes
      4. Irish Bebop‏ @Byron_McFadden Sep 3
        Replying to @HustleLad @BBCAfrica @LarryMadowo

        Things are improving though. In places like Uganda, Kenya, Tanzania, Ghana the government has taken tangible steps to ensure that gas and oil revenues r balanced between debt-payments, spinoff investment and local beneficiation. It's a processes but we are learning from the past.

        1 reply 1 retweet 6 likes
      5. hustleMan‏ @HustleLad Sep 3
        Replying to @Byron_McFadden @BBCAfrica @LarryMadowo

        If someone tells you that things are becoming better in Uganda, don't believe them it's a hoax, they're rather becoming worse, we produce sugar but it's cost is high, we've 18% vat this is insane, tax on social media and mobile money, some govt officials are exempted from tax

        1 reply 1 retweet 1 like
      6. Irish Bebop‏ @Byron_McFadden Sep 3
        Replying to @HustleLad @BBCAfrica @LarryMadowo

        Yeah, Uganda has problems, and Museveni is one of them. But if you look at the Ugandan oil refinery, the Ugandan oil fields and the Uganda-Tanzania pipeline - planning seems to have been much better thought out. There's too much riding on Uganda for this fail.

        1 reply 1 retweet 1 like
      7. Irish Bebop‏ @Byron_McFadden Sep 3
        Replying to @Byron_McFadden @HustleLad and

        But never say never I guess.

        0 replies 0 retweets 0 likes
      8. End of conversation
      1. BRUCE EUGENE‏ @Bruce2Eugene2 Sep 3
        Replying to @BBCAfrica @Africa_com @LarryMadowo

        Borrower is always slave TO the lender !! Beware always

        0 replies 0 retweets 1 like
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      1. maina kangangi‏ @HugsMaina Sep 3
        Replying to @BBCAfrica @LarryMadowo

        an emphantic yes..the chinese loans are expensive and the conditions attached are amount to slavery

        0 replies 0 retweets 1 like
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      1. Murīithi Ndegwa‏ @MurithiNdegwa1 Sep 3
        Replying to @BBCAfrica @LarryMadowo

        Wary of all debts. We don't even need dead Western nations AID. We just need good governance and not substituting Chinese debt with Western ones.

        0 replies 0 retweets 1 like
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      1. Prince Dunbar‏ @pdunbar3071 Sep 4
        Replying to @BBCAfrica @LarryMadowo

        Yes! Africa must be worry about not just Chinese debts but any kind of debts. What are the terms and conditions, who are the negotiators, what faith or basis are they negotiating? These questions be be answered first.

        0 replies 0 retweets 0 likes
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      1. Clietin Bambisa‏ @clietin Sep 3
        Replying to @BBCAfrica @LarryMadowo

        The is not transparency in africa that is why corruption takes place

        0 replies 0 retweets 0 likes
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      1. AYEDUN BOLARINWA ‏ @AYEDUNBOLARINWA Sep 3
        Replying to @BBCAfrica @LarryMadowo

        Its a way of making us eternally loyal to them. Well, without corruption on our path, it's a win-win for both parties else a win-lose cos the money borrowed may soon find its way to Europe through money laundering

        0 replies 0 retweets 0 likes
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      1. withabigG‏ @manGstar3 Sep 3
        Replying to @BBCAfrica @LarryMadowo

        Africa should be very worried reason being the money we take ends up not fully being accounted for and so the output of the work being done plus the profit can't pay back the debt.

        0 replies 0 retweets 0 likes
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      1. Nap‏ @nalexandra33 Sep 3
        Replying to @BBCAfrica @LarryMadowo

        Yes! It’s a scam, it’s soft emperialism.

        0 replies 0 retweets 0 likes
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      1. MAA NATION‏ @osanare Sep 3
        Replying to @BBCAfrica @LarryMadowo

        Yes, in Kenya we are currently overtaxed to replay the loans, causing inflation of key commodities like food, most of this loans when they are disbands end up being looted with zero impacts projects

        0 replies 0 retweets 0 likes
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      1. David West‏ @arsenalcode Sep 3
        Replying to @BBCAfrica @LarryMadowo

        He should use his country Kenya as a case study. Wallowing in chinese debts

        0 replies 0 retweets 0 likes
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