re posted from AFRICA AND THE WORLD
China’s BRI Expanding Trade in Africa With Infrastructure Where the West Has Failed: Djibouti
March 28, 2019
Djibouti Port Director: The BRI Has Vastly Expanded All African Trade and Development
Aboubaker Omar Hadi, chairman of Djibouti Ports and Free Zone Authority, told Xinhua on the sidelines of the Africa CEO Forum that “projects involving cooperation with China (such as the Ethiopia-Djibouti railway and the Doraleh Multi-Purpose Port and international free trade zone) are helping Djibouti promote trade in Africa as well as distribution across the East African region.” Hadi said that more than $40 billion in exports and imports has been recorded through Djibouti ports, “which couldn’t be achieved without developing proper infrastructure, such as sea ports and railway connections.” He went on: “I am expecting more movements of goods, infrastructure develop-ment from the second Belt and Road Forum for International Cooperation slated for April in Beijing, as well as stronger interconnection between Africa and the rest of the world,” speaking with Xinhua News.
Hadi also said that the accusations against China made by Western countries about letting some African countries fall into a debt trap due to cooperation on the BRI, are “complete nonsense, as benefits generated from infrastructure construction will far exceed the investment.”
China Prevails Where Europe Has Failed Miserably
“The New Silk Road is the biggest economic venture in mankind’s history,” former chief economist of Bremen Landesbank Folker Hellmeyer told Sputnik, saying it would be quite absurd if Europe did not take a part in it. “The West could have built infrastructure in these countries in the past 50 years. We have not done this. China is now filling this gap–and we are criticizing that. That is also power play to a certain extent. That is also why it meets resistance. But we are developing human capital and a sustainable growth potential which is enormous. We could have done it, but we haven’t done it. And that is why we should not accuse others.”
Hellmeyer also said that “what I hear here in Europe in terms of criticism, I rather see as a kind of front line politics serving the interests of the U.S.A.”
Newly Elected President of D.R. Congo Addresses Issue of Lake Chad Water Transfer
Newly elected President of the Democratic Republic of Congo (DRC) Félix Tshisekedi addressed the issue of water transfer to save Lake Chad at the just- concluded Africa CEO Forum in Kigali, Rwanda. Speaking at the concluding panel together with host, Rwanda President Paul Kagame, Tshisekedi said that someone is proposing to pump water from the Congo River to save Lake Chad, but there are better options than that.
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