Africa pays the price as China and Russia jostle for its resources
Russian President Vladimir Putin speaks to China's President Xi Jinping during a meeting in Samarkand, Uzbekistan on September 16, 2022. Both Russia and China are bolstering their presence in Africa to tap its rich natural resources. PHOTO | SERGEI BOBYLYOV |SPUTNIK VIA AFP
Analysts say China and Russia are bolstering their presence in Africa to tap its rich natural resources, amid grave warnings from UN agencies the world's poorest countries face accumulating crippling debts.
"One out of every three major infrastructure projects in Africa is built by Chinese state-owned enterprises, and one out of every five is financed by a Chinese policy bank," said Paul Nantulya of the Africa Centre for Strategic Studies, an academic institution within the US Department of Defence.
