THERE IS NO FREE LUNCH
CHINA NEEDS LAKE VICTORIA FOR 230 years.
China Ready to Write off East Africa Community Debts in Exchange with Lake Victoria
24th November 2018 Afrikan Reporter 27
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Chinese government is ready to write off huge debts for the East Africa Community in exchange with Lake Victoria for a period not exceeding 231 years. President Xi Jinping has urged African states to continue partnering with China in looking for moral and financial support and ignore the West.
Chinese authorities have pointed pointed out Lake Victoria to be of strategic importance to China.The East Africa community is made of Burundi, Kenya,Rwanda,South Sudan, Tanzania and Uganda.
Kenya owes China huge amounts of money that have to be paid for a period of 81 years.African states have been on the rampage of borrowing heavily from China.Burundi President has been criticised for borrowing ten billion dollars from China to build a a family zoo.Paul Kagame of Rwanda has also been accused of mismanaging billions of funds borrowed from China.