March 29, 2024

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Rwandan President does not worry about China’s involvement in Africa

Rwanda’s President Paul Kagame has informed participants at the Milken Institute Global Conference that the problem of anxiety by the west relating to China’s involvement in Africa has more to do with the west than with Africa.

Kagame explained that the competition between the US and the industrialized world with China finds Africa caught between China and the West.

However President Kagame noted that Africa has its own needs and interests whether the western countries want to see it that way or not.

President Kagame on the concern over the China debt trap said “Africa has not had debt from China only. Debt forgiveness was there because there was debt.”

“The question is what Africa has been doing with this debt?” He asked

“Saying we are worried Africa will be trapped in debt with China, sounds like concern for Africa by outsiders rather than Africa being concerned for its own wellbeing.” He added

Speaking on the claim that China is sponsoring corruption in Africa, Kagame said “The assumption here is that corruption is confined to China and Africa, and that the west does not get involved in corruption, which is not true. Nobody should give an excuse for corruption, it should be fought wherever it comes from and that is what we have been trying to do in our countries and in other African countries.”

He concluded emphasizing that “Africa, my own country, looks to the west as partners of choice, or investors of choice in Africa. If the west was doing investments that are required in Africa the way they should be, then Africa will stop being caught in this trap or competition.”

Milken Institute is a nonprofit, nonpartisan think tank determined to increase global prosperity by advancing collaborative solutions that widen access to capital, create jobs and improve health. It does this through independent, data-driven research, action-oriented meetings, and meaningful policy initiatives.

On its website reads “Our work is guided by the formula that our founder and chairman, Michael Milken, developed: Prosperity equals the effect of financial technology acting to multiply the value of human capital, social capital and real assets.”

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