Africa’s ‘poverty trap’ more dangerous than so-called debt trap

If there is any trap in Africa, it is the trap of poverty and the trap of backwardness,” which he counterposed to the so-called debt trap that he referred to as a “speech trap” created by the West. China speaks with authority, which has accomplished a modern day miracle in lifting over 750 million of its people out of extreme poverty and has pledged to help Africa do the same.

China’s approach to the current challenges in the Horn of Africa is in stark contrast to that of the U.S. Instead of punishing Eastern African nations with sanctions and economic warfare, China is promoting peace and economic development.

re posted from                      AFRICA AND THE WORLD

Africa’s ‘poverty trap’ more dangerous than so-called debt trap

Kenyan President Uhuru Kenyatta (L) and Chinese Foreign Minister Wang Yi attend the completion ceremony of the Chinese-built oil terminal at the port of Mombasa in Mombasa, Kenya, January 6, 2022. /Xinhua

Lawrence Freeman

CGTN, January 24, 2022

Editor’s note: Lawrence Freeman is a Political-Economic Analyst on Africa, who has been involved in economic development policies for Africa for over 30 years. The article reflects the author’s opinions and not necessarily the views of CGTN.

In his visit to Kenya on January 6, 2022, China’s Foreign Minister, Wang Yi, emphasized China’s support for economic progress in Africa, and in particular, the Horn of Africa.

Wang was continuing China’s 32-year-old tradition of having their foreign minister begin each year with an overseas trip to Africa. In the first week of January, Wang met with officials in Eritrea, Kenya and Comoros. Both Eritrea and Kenya are located in East Africa, a region where Ethiopia, the second most populated nation in Africa, is engaged in a 14-month war to defeat an armed insurrection led by the Tigray People’s Liberation Front. Kenya, an important ally of China, is a key nation in China’s Belt and Road Initiative (BRI) and Maritime Silk Road.

Eliminating poverty

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Africa’s ‘poverty trap’ more dangerous than so-called debt trap

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