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ZIM RECEIVES HIGH INTEREST, LOSS OF SOVEREIGNITY US$58M from China, Says ‘Debt Trap’ Worries Not Foreigners’ Business
The government of Zimbabwe recently completed agreements to receive over $58 million in investment grants from China during a meeting of the Chinese Communist Party’s Forum on China-Africa Cooperation (FOCAC), Zimbabwean media reported Wednesday.The FOCAC formally met last year, but Zimbabwe sent representatives to Beijing this week to sign the completed written agreements discussed during that event.Zimbabwe’s Herald notes that envoys from another 52 African countries attended, seeking Chinese investment and loans.China has invested heavily…
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