China Waves $113m Debt Owed By 17 African Countries
LAGOS AUGUST 24TH (NEWSRANGERS)-China, Africa’s largest bilateral lender, waived debt owed by 17 countries in the continent for 23 interest-free loans that were due in 2021. The context of the latest relief reinforces China’s intention for Africa to consider the Asian power its preferred long-term development partner, especially “in the face of the various forms…