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Africa Last Updated: Sep 12, 2018 - 1:49:52 PM


ZAMBIA-CHINA "DEATH TRAP"
By Zambian Observer 14/5/18
Sep 10, 2018 - 8:57:48 AM

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What we have observed of late is that Chinese are gradually taking control of the economy of most African countries.

 

For example in Zambia, Chinese nationals have become powerful and influential such that they can get anything they want at the expense of the citizens. Really, their influence is so strong and evident that a few months ago, the Inspector General of Police Kakoma Kanganja appointed 8 Chinese into Zambia Police Service, an act that brought out a national outcry.

But did you realise why this is like this?

Data available reveals that the loans that Zambia has contracted from China in the last 5 years are so enormous that Chinese nationals are taking advantage and behaving with impunity.

The following is the tip of the iceberg of how the PF government has plunged Zambia into a debt trap with China in the past five years or so:

¶Heroes Stadium $94 million
¶Security Wings housing project $275 million
¶Kenneth Kaunda Airport $360 million
¶Kafue Gorge Lower Power Plant $1.7 billion
¶Kariba North Bank Power Plant Expansion $430 million
¶Lusaka L400 Roads $300 million
¶Ndola Airport $400 million
¶Lusaka Decongestion $286 million
¶Topstar deal -Communication Towers $280 million
¶Copperbelt Roads C400 $418 million
¶Chipata-Serenje Railway line $2.3 billion
¶Mongu-Kalabo Road $287 million
¶2000 Military Houses $157 million
¶Mansa-Luwingu Road $242 million
¶Mbala-Nakonde Road $180 million
¶Lusaka Sanitation Project $130 million
¶Kafubu Water Project $104 million
¶Levy Mwanawasa Hospital Expansion $90 million
¶Kafulafuta Dam Water Project $449 million

Now you can do your own computations and find out how much Zambia is owing China. This is just a tip of the iceberg. There are other hidden loans the PF has contracted and pocketed.


Source:Ocnus.net 2018

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