China gains farming rights over five African countries.
"While massive Chinese overfishing is a serious threat to food security in Africa, the Chinese government seduced five African countries to take another huge loan. In trade for that, China will gain its farming rights. All in the name of food security.
To increase food security in Africa a 500 million dollar loan will be given to the African nations. In trade for that, the EXIM Bank gains all farming rights.
Is this another debt trap or is this the loan Africa needs to develop it’s farming sector and to protect it’s food security?
Neglected by the mainstream media
The mainstream media seems to be missing the extremely worrying tweets the Chinese Exim Bank is sending into the world the last months. In another tweet, sent on 3 January this year the bank says it now owns all farming rights over Kenya, Uganda, Somalia, Rwanda & South Sudan.
However, there is not much international media attention while the consequences of these loans are huge for the African continent and its people. China is offering loan after loan to Africa and already is taking ports and airports from countries like Uganda and Mozambique".
Moody’s announced on Friday that it had cut South Africa's last investment-grade rating to “junk,” sending the Rand to an all-time low of below 18 to the dollar.
I couldn't open the full article as a pop up got in the way...
@Jenna I couldn't exit out of that particular pop up. That could be because the site is not quite mobile browser friendly...