China is thinking twice about lending to Africa
Too many past projects have been costly flops
FOR TEN days in May Uhuru Kenyatta, Kenya’s president, vanished from view. Kenyans feigned concern on Twitter, using the hashtag #FindPresidentUhuru. A missing-person poster appealed for information on the whereabouts of a five-foot-eight African male last seen in Beijing. A government spokeswoman sought to reassure the public: Mr Kenyatta had been in his office “meditating”. But others speculate that the president was in a funk after his trip to China failed to yield a new loan for the next phase of Kenya’s ambitious $10bn railway.
This article appeared in the Middle East & Africa section of the print edition under the headline “Beijing curbs its enthusiasm”
Middle East & Africa June 29th 2019
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