Gambia: We Will Not Forfeit State Assets To The Chinese

Mamos Media

By Sidi Sanneh

In case anyone is still not paying attention, this is the whole point of many Chinese infrastructure projects in Africa with the long-term aim being a debt default and the acquisition of assets by China.

African nations seeking debt deferral are being told they have to give up strategic state assets. Zambia may forfeit a copper mine to the Chinese government.

It is for this reason we were opposed to the $177M Gambia Port Development Project that was to be financed by the Chinese. We continue to reiterate, with emphasis, that we welcome Chinese investments but it must be in accordance with standard international lending practice.

                                

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