Chinese infrastructure loans: not debt trap but catalyst for economic development
It is important to note that while African countries need to close infrastructure funding gaps, Official Development Assistance (ODA) and the so-called traditional funders continue to decline.
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Allawi Ssemanda
By NewVision Reporter
Journalists @NewVision
By Allawi Ssemanda
Africa’s biggest challenge, especially the Sub-Saharan region, is poor and aging infrastructure.
According to a recent study by McKinsey and Company, unless addressed, infrastructure deficits in key sectors