Africa Business In The News South Africa

China lending to sub-Saharan Africa can support growth, but brings risks – Moody’s

JOHANNESBURG, November 15 – China’s increased lending to governments in sub-Saharan Africa has the potential to support economic growth, but also amplifies credit risks for countries with high debt, ratings agency Moody’s has said. “Unless African investment financed by Chinese loans generates substantial economic gains that boost debt servicing capacity of sub-Saharan African governments, the credit […]